"A sideways market is a deep breath before the storm; tonight at 835 will determine whether BNB breaks free from its shackles or falls into the abyss!"
In-depth technical analysis
Currently, the 1-hour K-line of BNB is showcasing a life-and-death battle between bulls and bears! The price has rebounded strongly from the lower Bollinger band and is now stuck around the critical midpoint at 834, with fluctuations compressed within 10 points—this is the calm before the storm!
The resistance at 845 above is like a mountain pressing down, while the support at 820 below is the last line of defense for the bulls.
If tonight we can break through 835 with volume, it will directly activate buying momentum, sprinting towards 845 or even higher (the upper Bollinger band at 855 may become the next target); but if there are multiple highs followed by pullbacks, it may retest the support at 820, potentially triggering panic selling!
Undercurrents in the news
After the approval of BlackRock's Bitcoin ETF, institutions' ambitions for platform tokens are becoming apparent! BNB, as the core of the ecosystem, has recently seen frequent activity from whale addresses on-chain, suspected of accumulating at low prices.
At the same time, Binance's new Launchpool project is about to be announced, and historical data shows that such good news is often accompanied by short-term price surges! But be vigilant—U.S. regulatory scrutiny on exchanges is resurfacing, and if bad news suddenly hits, a false breakout at 835 could instantly reverse the bulls!
Mig's exclusive perspective
I am Mig, my blade never dulls! Tonight, 835 is the watershed for bulls and bears:
Break and stabilize above 835: decisively go long, target 845→855, stop loss at 828!
Pull back after a high, forming a long upper shadow: immediately reverse to short, target 820→815, stop loss at 840!
Note: The current commission ratio of -0.11% shows slight selling pressure, but trading volume has not increased, beware of a trap to lure in buyers!
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