BNB is at a critical juncture: is $841 the battlefield where bears are liquidated, or is it the point where bulls face serious setbacks? Exclusive technical analysis will break down the main force's intentions and reveal potential profit directions!
Right now, BNB is stuck at the $834 level, and the intensity of the bullish and bearish battle has undoubtedly become apparent. After closely tracking for several days, we finally gain insight into the main force's operational logic — the ascending triangle pattern is nearing its end, with $841 becoming the core point of contention between bulls and bears!
Careful observation of this ascending triangle pattern reveals that every pullback has accurately stopped at the support level of $832, but all three attempts to break through $841 have failed. Behind this is actually the market trap set by the main force! Volume data has long revealed the mystery: every time it peaks, the trading volume shows a shrinking state, what does this mean? Bears have heavily fortified at $841, while the attacking power of the bulls is evidently insufficient!
However, the deeper market truth is: this triangle pattern may be a 'false breakout' trap set by the main force! From the moving average system, the 5-day line has crossed above the 20-day line forming a golden cross, and the red bars in the MACD indicator are continuously expanding, all suggesting that the market may be on the verge of significant changes! The $841 level at this moment is not just a simple resistance point but a key node for the main force to test retail investors' market confidence!
But it is essential to be cautious... If it cannot hold above $841 before 24:00 today, investors must decisively cut losses and exit! Because once it falls below the support level of $832, the lower $791 will become an unbearable downward abyss, where a large number of short positions have already been deployed by the main force!
Brother Xing suggests
You can place an order at $841.5, and if the price breaks this level, chase long positions immediately, while setting the stop loss at $838, targeting $860; if the price falls below $832, then promptly switch to short positions, setting the stop loss at $835, with a profit margin of about 10% when it drops to $791!
BNB has entered a critical decision-making period at the end of the ascending triangle! $841 has become the key level for main force layout — three attempts to break through have all stalled due to reduced volume, and bears have accumulated a large number of short positions at this level! However, the golden cross formed by the 5-day and 20-day moving averages, along with the continuing expansion of the MACD red bars, indicates that bulls are secretly gathering strength, preparing for a deadly counterattack! Today will be a watershed moment for market direction: if it holds above $841, the target will directly point to $860, while a drop below $832 necessitates decisively switching to short positions, looking down to $791! Exclusive indicators have released potential profit signals; in the brutal game of the cryptocurrency market, you either seize the opportunity to profit or passively bear the risk!#主流币轮动上涨 #机构疯抢以太坊 $BNB
If you are unclear about the specific time to enter, you can follow my bamboo leaves, and I will teach you how to counterattack!
