The longer the sideways market lasts, the more violent the breakout! BNB has been sitting at 643.84 for 4 hours, it’s either building strength or about to break!
News: The Federal Reserve's tough talk hides a deadly trap
The Federal Reserve says rates won't move, but secretly pulls the knife:
'Dot plot cuts rate cuts': only one cut in 2024 (original expectation was three), raising rates with words is more toxic than actual rate hikes!
Powell's follow-up: 'Inflation embers may reignite' - as soon as this was said, U.S. stocks plummeted, and the main forces in the crypto circle took the opportunity to wash out!
But note: BNB did not drop with U.S. stocks, indicating some funds are holding strong, market makers are waiting for retail investors to cut losses before pulling up!
Technical Analysis: Three meat grinder blades hanging at the top!
Critical point 643.84:
In 4 hours, there have been 6 pin bars that did not break, each time dropping to 643.8 there was a $10 million buy order supporting it
Liquidation map shows: Below 643.8 is buried $85 million in short stop-losses, breaking it will be a bloodbath!
Dividing line 650:
Only consider it a bullish uprising after breaking here, but three mountains are pressing down:
653.04: Fibonacci 38.2% strong resistance + dual attack point from previous highs
654: Order wall of 32,000 BNB pressing down
655.9: Upper Bollinger Band pressure line
Bull-bear covert war signals:
MACD's insidious golden cross: It looks like it’s going to rise, but the red bars are still emerging, be careful of false signals!
Volume shrinks to a mosquito's blood: No volume breakout above 650 is just playing around!
Qiu's View: Two scenarios determine life and death
Conditions for a surge:
Break through 650 with volume and hold for 1 hour, directly charge into the 653-654 resistance zone, ultimate target 662!
Key watch at 1 AM: Binance's main force often uses the 'night raid tactic', suddenly pulling up to explode shorts!
Signs of a crash:
If 643.84 breaks down for 15 minutes without recovering, hurry and run! Next stop directly attacking 636.69 (graveyard disaster area)
Caution at 21:30: U.S. economic data release, market makers love to smash prices with bad news!
Practical Strategy
Aggressive Player: Light long position near current price of 643.8, stop loss at 643.4, add position on break of 650!
Sly Player: Place a long order at 642.9, short at 654
Lifeline: Don't exceed 5% position! Tonight's volatility will be at least 30 points!
The main force has buried an order of 32,000 at 654! Is it a trap for shorts or real dumping? Come discuss in the comments or DM Qiu
#美联储FOMC会议
Still confused? Follow Qiu, the top 'madman' is here! In the market's slaughter, it's better to band together to grab money than to be indecisive!
$BNB