$BNB USDT Perp is starting to wake up.
Price is trading around 602.7 after that sharp bounce from 592.3. That reaction tells me buyers are still active. It wasn’t a weak drift up — it was a strong reclaim with momentum behind it.
Right now EMA 7 at 601.3 and EMA 25 at 602.1 are squeezing tight. That kind of compression usually means a move is loading. Price is sitting right on short-term momentum, not below it. That’s important.
The real level to watch is EMA 99 at 606.9. That’s the ceiling. If we get a clean break and hold above 607, continuation could kick in fast. Once that level flips, sellers may get trapped and fuel the next push.
Intraday range between 592.3 and 620.8 shows volatility is very much alive. This pair is not dead — it’s rotating with intent.
But if price fails to break and starts losing 600 cleanly, we could see another liquidity sweep toward 596 support. That would shake out late longs before any real move.
For me, this is simple:
Break and hold above 607 → continuation bias.
Lose momentum under 600 → watch for sweep toward 596.
Momentum is building. Now we wait for expansion.
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