BNB has been one of the most stable cryptocurrencies in this year's bull market.

Since August, it has successfully formed a stable upward channel.

The short-term support level is at the bottom of the upward channel and the Fibonacci 0.382 level of 640.

If it can retrace and not break the 640 support level at 0.382, it will continue to attempt to break new highs in the near term.

Pay attention to the key level of 600; if it falls below 600, it will indicate the end of the short-term upward trend and will enter another adjustment.