BNB's long and short cards are all in the news!
In the morning, BNB's trend made people break into a cold sweat. The price seems to be welded around 603 dollars, fluctuating up and down, and the Bollinger Bands have shrunk to the size of a pinhole, with the market makers too lazy to even perform. The MACD dual lines are playing together on the water, and the red bars have shrunk to the thickness of a toothpick. This kind of divergence structure clearly tells you—tonight is the turning point! The market orders are as thin as a piece of paper, and large orders of a thousand dollars have been completely withdrawn, with trading volume dehydrated to the point of becoming raisins; opening a position in this market is no different from walking a tightrope at a high altitude.
1. Technical Story of Ghosts
Right now, the support level of 595 dollars is critical, and the weekly gap is like a magnet. Above, there are three layers of Fibonacci resistance levels piled up at 606-610 dollars. The market makers are trapping the price at the 23.6% retracement level, playing psychological warfare. The hourly RSI is pretending above 50, and the MACD golden cross looks impressive, but combined with this coffin-like trading volume, I dare say this is a fishing line trap. The most critical point is that the lower edge of the ascending channel on the four-hour chart has already been touched three times; everyone in the crypto circle knows the rule of three.
2. News Bombshells
Standard Chartered Bank dropped a bombshell report this morning, directly anchoring the target price at 1275 dollars by the end of 2025, and even calling out an epic target of 2775 dollars by 2028, which is even more aggressive than Zhao Changpeng's past calls. The news about VanEck applying for a BNB spot ETF is the real powder keg—although the U.S. SEC is likely to drag its feet for three years, this thing has given the market wings of imagination. Even more audacious is CZ's sudden proposal to cut the BSC chain gas fees to ankle prices, clearly aiming to compete with Solana for dog coin traffic; this move could either ignite on-chain activity or cause validators to throw in the towel.
3. Market Maker's Hidden Cards
Now, the bulls hold three trump cards: ETF expectations support valuation, the on-chain TVL surged by 14.7% quarterly, and 70.8 million dollars in revenue in Q1 as real cash. The bears are focused on the technical top divergence and the Kyrgyzstan national reserve, a pie-in-the-sky plan that could expose itself at any moment. Key attention is on tonight's U.S. stock market opening; if the Nasdaq dares to dive, the 605 dollar support level could turn to paper in no time.
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