I am Qi He, watching the market, my coffee has gone cold, I know that many people are feeling anxious right now: BNB is performing well, so why is it stuck at this position of 885, neither up nor down? Should we charge tonight or run? Don’t rush, let me, as your analyst, clarify things for you.
First, let's look at the 'weather forecast'
Did you see the messages just now? Wall Street giant Barclays has announced that the Federal Reserve will cut interest rates this week, and may continue to do so in March and June next year. For us in the crypto space, this is like a fire in winter, and in the long run, it's a warm breeze. The expectation of money flowing out of traditional markets has become stronger, which gives us confidence. However! It also stated that the Federal Reserve might 'say some tough words', hinting that there may not be a rate cut in January. This means the market will be tangled in the short term, and the行情 will easily fluctuate, creating a thrill.
Let's look at 'maps and compasses'
This is the one-hour K-line chart of BNB. The current price is 885.71, just stuck on the 'first support', like stepping on a blade. Looking up, 930 is a big mountain, a strong resistance level; looking down, 895 is a critical fortress, and 880 is a deeper trench. Although the technical indicator MACD is still underwater, the two lines are about to 'golden cross', which is a signal for a potential short-term rebound, indicating that the downward force is weakening.
Qi He's personal opinion and 'local methods'
My judgment is: the possibility of directly breaking through 930 violently tonight is not high, but the possibility of suddenly dropping to 880 has also decreased under the expectation of interest rate cuts. The greater possibility is to fluctuate repeatedly in the range of 895-915 to digest the news. If we can stabilize at 895 and increase volume in the second half of the night, we will test 915 or even 930 again; if 895 is effectively broken, we need to prepare to look at 880.
Remember Qi He's local method for trading coins: 'No rabbit, no eagle; the truth is revealed at critical positions.' Market trends are not guessed; they are 'played' out by funds at key positions. What we retail investors need to do is to position ourselves in advance at critical points and wait for the market to give us answers.
I am Qi He, a fellow who doesn't want you to fight alone in the crypto world. Hit follow, and let's clearly see the direction and stabilize our positions in the next critical 48 hours.
Remember, Qi He doesn't play tricks. What you want is 'something you can understand and make money from', and what I want is to help you avoid pitfalls and seize opportunities. Follow Qi He, + chat room to help you avoid pitfalls, disassemble subsequent capital trends in real-time, and capture every profit window!
