News: Negative factors suppress the ecosystem and it is difficult to resist panic
On-chain activity surges, but coin prices remain stagnant
BNB Chain's TVL (on-chain locked value) has increased by 62% recently, and the daily trading volume of DEX has reached 178 billion US dollars. Ecosystem projects such as BOB are extremely popular in the community, but the price of the coin has been stuck in the range of 531-725 US dollars for nearly half a year. Ecological prosperity does not mean rising coin prices. The market's patience for BNB's "value realization" is running out.
The positive effects of destruction are "passivated", and selling pressure from large investors is looming.
In the 31st quarter, 1.57 million BNB (worth $916 million) were destroyed, but the price only rose slightly by 0.06%. On-chain data shows that the net inflow of BNB into exchanges continues to increase, and smart money may take advantage of the good news to sell.
The Black Swan of War is Pressing Down
Last night, BTC plunged 5%, leading to the collapse of the market, while BNB rebounded after hitting $576. If geopolitical conflicts escalate, Binance, as a centralized exchange, may become a "liquidity pump", and BNB may be the first to bear the brunt.
【Technical analysis: Short sellers control the market, and they will flee when the market rebounds】
Bollinger Bands open downward, MACD death cross confirmed
All three tracks of the 4-hour Bollinger Bands fell, and the price accelerated downward after breaking through the middle track of 697.7; the MACD green column turned red, the fast line crossed the slow line, and the short energy has not been fully released.
Key support and resistance
Iron ceiling above: 680-697.7 (Bollinger middle rail + previous high), a rebound is just an opportunity to short. Life and death line below: 628.6 (Fibonacci strong support), a break will go straight to 580
Increased risk of pin insertion
The liquidation heat map shows that liquidity in the $630-650 area is weak. The main force may create a "false rebound" to lure more investors, and then smash the market to reap the profits.
【Operation summary: It is better to win than to lie flat】
Spot traders: Stop loss if it falls below 628.6, reduce position if it rebounds to 680, save money and wait for 580 to buy the bottom
Contract Party: Try shorting with a light position near the current price of 656, stop loss target 628→580; if the pin breaks and rebounds, close your eyes and add shorts. Long-term belief: If 580 is not broken, you can receive goods in batches. The BNB ecosystem will eventually feed back the coin price, but it will take 3-6 months of fluctuations.
"In a bull market, expectations are hyped, and in a bear market, consensus is hyped. How long can BNB's consensus last? Chat in the comment section: Do you dare to buy the dip now, or have you already cut your losses?" 🔥
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$BNB