BNB lately really seems like it wants to start telling a story, folks. Look at the 1W chart—breaking through resistance that’s been there for months is clearly happening. And the 4H timeframe still shows a strong uptrend at $698.12. The 4H RSI is 63.32—not too hot yet, but momentum is good. Oh, and I heard Binance Agent OS was just launched on 20/8, and on 25/8 comes the BNB Chain Hardfork Pasteur—right on time as a catalyst. The platform is also booming in RWA, with the number of holders up 370% in 30 days. Even the derivatives whales are going long with enthusiasm, with positive funding and a slight increase in OI. But you still need to watch it: 71.2% of accounts are Long—maybe the crowd is a bit too FOMO. 😏
Honestly, even though the crowd is somewhat excited, I’m still leaning toward the LONG side in the $690–$695 zone. The near-term target is $715, then $740. However, my confidence level is only 2/5—I still need further confirmation. If it breaks below the $675 level, then this view is basically thrown out—get out early to avoid cluttering your wallet.
But this trade also comes with major risks. The scenario will fail if the volume doesn’t confirm the upside move as we want.
Honestly, even though the crowd is somewhat excited, I’m still leaning toward the LONG side in the $690–$695 zone. The near-term target is $715, then $740. However, my confidence level is only 2/5—I still need further confirmation. If it breaks below the $675 level, then this view is basically thrown out—get out early to avoid cluttering your wallet.
But this trade also comes with major risks. The scenario will fail if the volume doesn’t confirm the upside move as we want.
