Today’s action has been all about the $820 zone.

We’ve spent the session grinding in the $798–$818 range, with buyers stepping in every time we dip close to $800.

The question is simple — do we flip $820 into support, or do we fade back into the range?

Why $820 Matters

It’s the top of the recent impulse zone — the level many traders have been tracking as the “breakout trigger.”


A clean close and hold above this level usually opens the path to $835–$842, and from there, it doesn’t take much for price to squeeze into $850+


Key Levels I’m Watching

Support:

➣ $805–$810 → session pivot, needs to hold for bulls to stay in control


➣ $795–$800 → the shelf where buyers have been defending dips


➣ $770s → only in play if momentum truly breaks

Resistance:


► $820 → breakout trigger


► $835–$842 → pre-ATH supply


► $850 → psychological wall


► 859–$860 → the ATH itself

Why I’m Still Leaning Bullish

► We’re only two weeks removed from a new ATH — trend is intact. Momentum names usually re-test highs after tight consolidations.

► Binance is still king on volumes (~35%+ share in Q2), and that exchange strength tends to feed the BNB bid

► Deflation narrative stays alive with quarterly Auto-Burn (1.58M BNB destroyed in Q1’25). Next burn cycle is on deck

► BNB Chain roadmap keeps delivering — Rust client, faster finality, and activity on opBNB/Greenfield are all small tailwinds that help dips get bought.

What Could Invalidate

If $820 rejects again and we see a daily close back under $805, we’re back in chop.

Lose $805 and $795–$800 comes into focus. If that shelf breaks, the $770s are the likely landing spot.


My Base Case (Next 1–7 Days)


➣ Bull Path:


Flip $820 to support → push into $835–$842 → $850. If $850 flips, an ATH re-test at $859 is very much on the table.


➣ Bear Path:



Fail at $820 → rotate back into $805–$810. Lose that, and it’s a trip to $795–$800 for another buyer check


How I’m Trading It (Spot)


Continuation Long: Above $820 with a clean 15–60 min acceptance


Targets: $835 → $848–$850.


Invalidation: back inside $815


Range Fade: If $820 rejects with clear selling pressure, short back to $805–$810. Cover into $800. Lose $800, step aside — HTF still bullish.


NFA