Friends, you must hold onto your wrist today! I've been watching the 1-hour K-line for BNB since the early morning, and my palms are all sweaty—three deadly signals have all converged! If you're still thinking about bottom fishing now, be careful not to take a big tumble!
Technical breakdown: The dividing line between bulls and bears has collapsed!
First, look at the 1-hour K-line; we all understand that for short-term trading, 997 is the life-and-death line for bulls and bears. Above the line, bulls dominate, while below, bears are making their move. The current BNB price is 993.36, clearly smashing through the dividing line! Now, looking at the range—the upper boundary at 1020 is resistance, and the lower boundary at 960 is support. After half a month of consolidation, it's finally broken downward today. It's like a gap has opened in the wall, and bears are lining up to rush in!
Mass exodus from the news front: Contract players have collectively withdrawn!
Data doesn't lie—over the last 30 days, there has been a net outflow of 8.667 billion BNB contracts! Just yesterday, 493 million left! What does this mean? It’s equivalent to several hundred million leveraged funds 'running for the hills' every day. Contract players are the sharpest; they are all withdrawing, indicating that even those playing with leverage don't expect BNB to rise in the short term. If you are still thinking about bottom fishing, you are not catching falling knives but rather a 'money waterfall' falling from the sky!
Big funds are sneakily running: BNB is being tossed like a 'chip'!
On-chain detective Yu Jin just detected: On September 25, an unusually excessive issuance of a GAIN address dumped 150 million GAIN and immediately converted it all to ETH through a cross-chain bridge!
What is 'cross-chain exchange'? Simply put, it means that big funds think BNB is not appealing anymore, so they quickly switch to ETH for hedging! They are not playing 'BNB→ETH' arbitrage; they are voting with their feet: 'The short-term risk of BNB is high, I'm out!'
Heng Yu's practical advice for the brothers:
Conservative faction: Lightly short near the current price of around 993, with a stop-loss above 997 (if it breaks the watershed, the rebound will be fierce), initially targeting the support level at 960.
Aggressive faction: Wait for a rebound to the resistance level at 1020 (this is the upper edge of the range, with many trapped positions), if it struggles to rise, go short directly; the profit margin is larger.
Never be like a foolish newbie trying to catch the bottom! Haven't you seen all the funds running away? Haven't you seen the big money exchanging for ETH? Trying to catch the bottom now is not brave, it's reckless!
Want to know how to operate the specific points, how to set stop-losses without being swept, and how not to be harvested by the market makers? Hurry and follow 【煮夜】, tonight at 8 PM I will break it down in the village; don’t miss out on the profits from this short!
I am Heng Yu, who has been stumbling through this market for many years, having stepped into more pits than you have walked paths. Follow me to avoid ten years of detours—In the crypto market, following the right person is 100 times more important than blindly working hard! If you don’t know how to hit the points, feel free to come find me in the village; I’m available 24 hours a day to protect my fans.