Is BNB at 759 a trap or an opportunity? Special brother bangs the table: Buy with your eyes closed, if it drops, I will compensate!
BNB today directly fell below 760 USD, now quoted at 757 USD! The 24-hour increase has shrunk from a surge to 0.39%! Is this wave the main force unloading or the market preparing a big move? Special brother uses the simplest words to help you see the truth!
Recently, BNB has been like a roller coaster, jumping from 700 USD to 770 USD, now dropping back to 757 USD, with 24-hour trading volume soaring to 2.7 billion USD, but the price is stuck. Why? Both sides are fighting! Some are selling, some are buying, and the price is stuck like this.
First, a surge needs to take a breather. BNB rose too quickly before, and the current pullback is normal. Second, funds are being diverted. Short-term funds have all rushed to the Layer-2 projects of the Bitcoin ecosystem to speculate on new ones. Third, the main force is washing the盘. Falling below 760 USD causes retail investors to panic sell, and the main force takes the opportunity to buy at a low price, waiting to profit when it rises.
If BNB falls, will other coins follow? The impact is limited, but it will affect three sectors:
Exchange sector: OKB and HT will be a bit shaky, but Binance's trading volume is the highest in the world, and the BNB ecosystem advantage remains stable, with no long-term value issues. Stablecoin market: Some people are turning to USDT for safety, but the trading volume of stablecoins hasn’t increased much, indicating that everyone is just watching. New project track: When BNB pulls back, new projects will attract capital, but these projects have immature technology and higher risks than BNB.
Short-term: Keep an eye on 736 USD! Don’t buy if it falls below; if it holds or rebounds to 770 USD, you can buy in batches.
Mid-term: Pay attention to Binance dynamics, such as new BNB smart chain projects, C2C trading volume hitting new highs, these can push up BNB.
Long-term: Binance repurchases and destroys BNB every quarter, the total supply is decreasing, increasing scarcity, and the price will naturally rise.
“There is no coin in the crypto circle that guarantees profit, but there is courage to buy when it drops! The BNB pullback might be an opportunity, but don’t go 'All in'! Do you think BNB will rise or fall? Let’s chat in the comments! Like, bookmark, and follow 特哥说币, see you next time!