BNB Warning: Heavy rain has arrived! Be cautious of 'cascade-style declines' in the short term.
Regulatory heavy blows hitting exchanges, BNB's 'moat' is leaking!
Negative news hits three times in a row
CZ's countdown to release from prison(End of May):
The founder's return is generally a positive, but the market is worried he will sell BNB to pay a hefty fine (rumored to be over 10 billion), like a sword hanging over his head.Waterfall knife.Binance compliance crisis:
Multiple countries tightening exchange regulations, the growth rate of new users on Binance has plummeted, the halo of BNB as the 'king of platform tokens' is fading.It's fading..Weak ecological growth:
The number of new projects on BNB Chain has halved, gas fee income is declining,The fundamentals cannot support a high valuation of 700 dollars..
Technical death combination (combined with the 4-hour chart)
K-line breaks position:
Has fallen below key support at 638 (original MA30 position), dropping to a low of 625.44, bears are completely in control of the market.
MACD dead cross accelerates:
Dual line high dive, green bars shrink to needles, definitely a 'diving preparation'.
Bollinger Bands opening downward:
Price is sliding along the lower band, the middle band (original support at 685) has turned into a hard resistance level, any rebound is just an opportunity to escape.
Chain reaction of liquidation:
Leveraged long positions are concentrated around 640, which may trigger a secondary cascade (next liquidation zone at 620).
Operation summary: Better to miss out than to catch a falling knife!
Stop loss:
Heavy holders should reduce positions during the rebound to 638-640; if it falls below 625, stop loss unconditionally.
Short selling:
Short-term experts are lightly shorting around 635, targeting 615-600 (set stop loss at 645).
Bottom fishing:
Patiently wait for a stable volume around 600; otherwise, all bottom fishing is just giving away money!
CZ's countdown to release from prison + regulatory knife hanging high, BNB's June is destined to be a bloody storm! If you feel helpless and confused in trading, and want to learn more about cryptocurrency and the latest news, click on my avatar to follow me, and don't get lost in this bull market again!$BNB #特朗普马斯克分歧
