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Price: The price has risen above $692 and is now at $693.23, confirming the breakout from the previous resistance.

Volume: There has been a significant increase in volume, further validating the breakout.

Updated Assessment:

Since the breakout point of $692 has been breached:

Support Shift:

$692 now becomes a support level. If the price stays above this level, it indicates strength in the current uptrend.

Next Resistance:

The 24-hour high of $696.54 is the next key resistance. A break above this would likely push the price higher.

Recommendation Based on Breakout:

For Buyers:

If not already in a position, you can buy with a stop-loss below $692 (the new support).

Monitor the $696.54 level. A breakout above it could signal further upside.

For Sellers:

If the price struggles to break $696.54 and shows signs of weakening (e.g., declining volume or red candles), consider selling to lock in gains.

Neutral Stance:

If you prefer less risk, wait for confirmation of the next move: either a successful test of $692 as support or a clean break above $696.54.

This breakout aligns with bullish momentum, but it’s critical to stay vigilant for signs of reversal, particularly near the $696-$700 zone.

#BNB