$BNB is compressing inside a clean bearish pennant after a sharp impulsive drop.

This structure usually acts as a continuation pattern, not a reversal — meaning direction matters, and right now momentum is still tilted to the downside.

Price is currently hovering around ~638, right at the apex of the pattern, where decisions happen fast.

🔴 Bearish Breakdown Scenario (Primary Bias)

If #BNB breaks and closes below the lower pennant support (~630–625) with volume:

Downside targets

610 – 600 → first liquidity sweep

585 – 570 → previous swing low (high probability)

540 – 520 → full measured move of the pennant

This aligns perfectly with the prior impulsive leg that formed the pennant.

🟢 Bullish Invalidity Scenario

Bearish structure fails only if price:

Reclaims 660–670 decisively

Breaks above the upper pennant trendline

Upside levels (relief bounce only)

670 – 690

710 – 730

Unless this reclaim happens, upside moves remain corrective, not trend-changing.

Key Takeaways

Pattern: Bearish Pennant

Market state: Compression → Expansion coming

Below 630 = acceleration

Above 670 = structure invalidation