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

We’ve been grinding in the $798–$818 range, with buyers stepping in every time price dips 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 watching as the “breakout trigger.”

A clean close and hold above this level typically opens the path to $835–$842, and from there, a squeeze into $850+ is very possible.

Key Levels I’m Watching

Support:

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

➣ $795–$800 → buyers have consistently defended dips here

➣ $770s → comes into play only if momentum truly breaks

Resistance:

► $820 → breakout trigger

► $835–$842 → pre-ATH supply zone

► $850 → psychological barrier

► $859–$860 → all-time high


Why I’m Still Leaning Bullish

► We’re just two weeks off a new ATH — trend intact, and momentum names tend to retest highs after tight consolidations.

► Binance dominates exchange volumes (~35%+ share in Q2), and strong exchange activity tends to support BNB price.

► Deflationary pressure from quarterly Auto-Burn continues — 1.58M BNB destroyed in Q1’25, next burn coming soon.

► BNB Chain roadmap keeps delivering technical upgrades (Rust client, faster finality, opBNB/Greenfield activity), providing tailwinds for price dips to get bought.


What Could Invalidate This Bull Case?

If $820 rejects again and price closes back under $805 daily, we’re back into a choppy range.

Losing $805 would put $795–$800 in play. If that shelf breaks, $770s likely become the landing zone.


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 likely.

➣ Bear Path: Fail at $820 → rotate back to $805–$810. Lose that, then $795–$800 tests buyer resolve.


How I’m Trading It (Spot)

  • Continuation Long: Enter above $820 with clean 15–60 min confirmation

  • Targets: $835 → $848–$850

  • Invalidation: Back inside $815

  • Range Fade: If $820 rejects with clear selling pressure, short down to $805–$810. Cover into $800. If $800 breaks, step aside — longer-term bullish but short-term uncertain.


NFA