Currently, BNB is stuck in the 860-870 range. Many people are eyeing 870, thinking it will break through, but they haven't noticed that the market makers have already started 'baiting'—don’t be foolishly used as fuel for the sell-off, especially in this volatile nighttime market, where there are pitfalls that retail investors easily fall into, as well as benefits that only night owls can catch!
First, let's break down the market makers' baiting tactics, which have already shown signs recently.
During the day, it occasionally rises to 872-873, looking like it wants to break out, causing many retail investors to rush in, only to have it drop back down to around 865 for sideways trading—this is a typical 'false breakout to lure in buyers'! Market makers intentionally create the illusion of 'heading for 900', waiting for you to chase in and absorb the selling pressure. After all, many people are waiting to break even above 870 from the losses when it fell from 901, and market makers are just using retail investors to offload their positions.
Pay more attention to the 'small movements' at night: In the past few days, between 1-3 AM, BNB always has a small rise (for example, from 863 to 868), but the trading volume doesn't follow, which indicates that it's not new funds entering the market, but rather the market makers 'painting the K-line'—tricking retail investors who are staying up late to think 'the night will break out', leading them to impulsively enter the market, only to have it crash when the sun rises, with many night owls unable to hold on, becoming the ones receiving the sell-off.
But don’t panic! The nighttime market also hides opportunities. Night owls should keep a close eye on these 3 signals to avoid pitfalls and seize opportunities:
Watch the volume when breaking 870: If it breaks 870 in the early morning and the volume is smaller than during the day (for example, below 70% of the 24-hour average volume), it’s 100% a false breakout. Don’t chase; instead, you can try a small short position around 872.
Focus on the support at 855: If it drops to 855-850 at night and the volume shrinks to a 'dead calm' (for example, hourly volume below $5 million), it indicates that the selling pressure is gone. At this point, you can try a small long position, setting your stop loss at 848, which is safer than bottom-fishing during the day.
Watch the market correlation: If BTC suddenly drops more than 1% in the early morning, but BNB holds its ground without falling, or even rebounds, it’s not strong; it's the market makers 'protecting the market to lure in more buyers'. Wait until BTC stabilizes, and BNB will most likely drop as well. Don't be fooled by the surface strength.
Practical advice for night owls:
Don’t chase any 'small rises' at night, especially if the volume hasn’t increased.
If you see a volume spike above 870 (hourly volume exceeding $10 million) and it stabilizes for 30 minutes, then it’s not too late to chase; a true breakout won’t give you 'a chance to hesitate'.
For those holding positions, set your stop loss at 850 during the night; if it breaks, get out. Don’t cling to the fantasy that 'it will rebound'; market makers love to wait until you can't hold on any longer.
The current BNB market is a test of 'who has more patience'—market makers want to lure in more buyers, so we wait for real signals; night owls shouldn’t act as receivers but rather as 'hunters waiting for traps'! Follow me, and if there’s a false breakout or real support signal in the early morning, I will give real-time alerts to help you avoid the baiting pitfalls and seize the opportunity for bottom-fishing at night! #BNB baiting trap #Night owl trading strategy
