BNB's nuclear explosion at 22:30 tonight! At $857, it's a life-or-death situation for bulls and bears; going in the wrong direction will lead to liquidation!

BNB is facing a data bomb tonight! At $857, it's a life-and-death situation for bulls and bears; retail investors should stick close and not get cut!

"In the cryptocurrency world, a day is like a year in the human world," this saying is indeed true! Tonight at 20:30, the U.S. initial jobless claims data will be released, and the latest data shows an actual value of 226,000. This is a 'nuclear-level' piece of news that can directly determine whether BNB rises to $900 or crashes below $800! Currently, the BNB price has surged to $857.40, right at the upper Bollinger Band at $862.11, and a battle between bulls and bears is about to break out!

News: Initial claims data 'surprises,' expectations for interest rate cuts heat up

First, let's talk about the initial jobless claims data. It's an important indicator reflecting the health of the U.S. job market. The latest actual value is 226,000, which is lower than the expected 228,000, indicating that the job market is stronger than expected! Generally, good employment data means the economy might be fine, and expectations for interest rate hikes from the Federal Reserve might resurface. This is bad news for risk assets, and the cryptocurrency market will certainly suffer. The MACD for BNB has already formed a death cross, with bullish momentum already weakening; if the data is bad, the critical support at $845 is unlikely to hold, and it may panic drop to $830. If it breaks below the 30-day moving average (around $830), it could fall all the way to the $800 mark.

Moreover, the historical data is scary enough! When the July PPI data was released above expectations, BTC fell 5% that day, and BNB dropped 7%! Although this time the PPI annual rate actual value is 2.30% (expected 2.5%) and seems to be below expectations, the surprising initial jobless claims data may have a greater impact than PPI, and tonight's market fluctuations will definitely be more thrilling!

Technical analysis: Death cross emerging, fierce struggle between bulls and bears

From the BNB/USDT 1-hour candlestick chart, the price has surged to $857.40, right at the upper Bollinger Band at $862.11. The resistance above is at $867, and the support below is at $845 and $797. The Bollinger Band is opening upwards, indicating that the overall trend is still upward, but the MACD indicator has formed a death cross, with green bars starting to emerge, which means that bullish momentum is weakening, like a tired runner who might stop at any moment. If the price breaks below the 5-day moving average support near $850, technical traders will definitely rush to exit, and BNB will likely plummet.

Additionally, on-chain data is also not optimistic! BNB futures open interest has suddenly increased by 30%! This means that both bulls and bears are frantically leveraging their bets, and tonight there will definitely be a wave of massive liquidations; market fluctuations will only become more intense!

Personal opinion: Aggressive or conservative, retail investors look here

Aggressive

Five minutes before the data is released, place orders in both directions:

Long order: If the price breaks above $860, go long; aim to take profit at $880, and set a stop-loss at $852.

Short order: If the price breaks below $845, go short; aim to take profit at $820, and set a stop-loss at $855.

Conservative

Before the data is released, quickly reduce your leverage position to below 50%! Spot holders looking to add to their positions can place a limit order at $830, and consider buying if it drops to this level.

Phoenix's ultimate opinion:

If the data comes out between 226,000 and 228,000, BNB might hover around $850. Don't chase the highs and lows; be patient and wait for the market to choose a direction before taking action!

"Wall Street moguls have already positioned themselves for BNB options! After the data is released at 22:30, retail investors will either become overnight millionaires or lose everything!"

The cryptocurrency market is brutal; don't bear it alone! I am Phoenix, a seasoned blogger in the crypto world. In tonight's market, you either seize the opportunity to profit or avoid risks to protect your capital. Everyone must operate cautiously and not blindly follow the trends! Keeping up with the market rhythm is the way to survive this battle between bulls and bears!

Are you stuck in a position? When to buy the dip? As the saying goes, if you feel lost and helpless about what to do, click on my profile and follow me. I need fans; you need references #山寨币谷歌热度创五年新高 Phoenix Trend