Emergency bottom fishing after the BNB plunge? Key signals exposed in the 1-hour chart! Latest operation guide on August 5th
Last night, the cryptocurrency market was ravaged, with BNB plummeting 8% in one hour! This morning's 1-hour candlestick chart has already released key signals, and experienced traders will guide you step by step:
The truth behind the plunge is strikingly clear
News impact:
Two major black swan events occurred suddenly in the early morning:
① The Federal Reserve turned hawkish: Expectations for interest rate hikes in August 2025 suddenly intensified
② Exchange regulatory storm: Rumors that a top exchange is under investigation by multiple countries
Technical breakdown:
• The lower Bollinger Band at 833.75 was breached → Triggered programmed stop-loss orders
• The Fibonacci key level of 843.64 was lost → The bull defense line completely collapsed
Today's lifeline is focused here
• The three lines of the Bollinger Band are narrowing: Upper band 886 → Middle band 860 → Lower band 833: The market enters a meat grinder mode!
• MACD green bars are shortening: Plunge momentum is weakening, but don't be impulsive before a golden cross
• VR indicator approaching 70: Short-term oversold conditions are severe, a rebound is imminent
Old pro's operating strategy
Aggressive: Lightly bottom fishing near the current price of 840, stop-loss set below 833, must cut if breached!
Conservative: Wait for MACD golden cross + stabilize above the middle band 860 before taking action
Self-destructive behavior: Blindly chasing shorts! VR has reached extreme values, ready for a counterattack at any moment
Personal bold theory
Short-term view: Expecting a rebound: Market panic is excessive, the BNB ecosystem is fundamentally intact
Medium-term defense: Before the September Federal Reserve meeting, all rebounds are escape opportunities!
Moment of truth: If it doesn't recover 850 by 20:00 tonight, quickly grab your bucket and run!
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