#Recent Crypto Market Insights BNB has broken out of its descending parallel channel, confirming a bullish market structure shift above the 100% Fibonacci extension ($579).
A news-driven impulse tested $613 (50% Fib retracement, key supply zone, and previous order block). Holding above the 4H EMA cluster could drive price toward $645 (61.8% Fib, HTF supply zone). Watch for liquidity grabs, breaker block retests, and volume confirmation before continuation. A failure to hold $579 could lead to a mitigation sweep toward $562 TO $550 (previous demand zone).#HotTopicDiscussion
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#Recent Crypto Market Insights BNB has broken out of its descending parallel channel, confirming a bullish market structure shift above the 100% Fibonacci extension ($579).
A news-driven impulse tested $613 (50% Fib retracement, key supply zone, and previous order block). Holding above the 4H EMA cluster could drive price toward $645 (61.8% Fib, HTF supply zone). Watch for liquidity grabs, breaker block retests, and volume confirmation before continuation. A failure to hold $579 could lead to a mitigation sweep toward $562 TO $550 (previous demand zone).#HotTopicDiscussion