$BNB is currently trading around the $700 psychological area after the recent weakness across the broader crypto market.
For me, $700 is an important decision zone because psychological levels often become areas where the market changes direction.
The key question is not simply whether $BNB touches $700.
The question is whether buyers can reclaim it and actually hold above it.
š¢ Bullish scenario:
If $BNB moves back above $700 and maintains strength, buyers could regain confidence and attempt a move toward higher levels.
A successful reclaim would be more meaningful than a temporary spike above the level.
š“ Bearish scenario:
If $BNB remains below $700 and repeated recovery attempts fail, sellers could continue controlling the short-term direction.
šÆ My view:
I am watching $700 as a confirmation level.
I don't want to buy just because price is close to a round number. I want the market to show that buyers are actually willing to defend it.
For now, $700 remains the level I am watching most closely on $BNB.
4H candel chart;
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