Binance founder **Changpeng Zhao (CZ)** has lit up the markets with another bold move: 💥 A proposal to **slash transaction fees on BNB Chain by 50%**. 💥
This announcement comes at a pivotal moment. With crypto markets pulling back and investors hunting for stability, CZ’s fee-cut plan could turbocharge **BNB adoption** among traders, developers, and institutions alike.
📈 The timing is striking — **BNB recently smashed through its all-time high (ATH)**. Now, lower fees could accelerate its momentum, drawing even more activity to the network.
🔍 Analysts are already speculating:
* **BNB could cement itself as the go-to settlement layer for crypto.** * **Altcoins may need to hold BNB reserves** to withstand the next liquidity crunch. * **Retail traders gain an edge**, with cheaper and faster transactions fueling broader participation.
🌍 The buzz is global — from Dubai to New York, crypto Twitter is ablaze with the same question: 👉 *“If fees fall by another 50%, how far can BNB climb?”* 🚀🌙
We're seeing a clearly defined Head & Shoulders pattern on the 4-hour chart. The neckline has already been broken by a strong bearish candle, which confirms the pattern's validity and signals potential further downside.
**Retest in Progress:** ETH is currently retesting the broken neckline, now acting as a supply zone (marked by the blue box). This is a textbook retest scenario. If the price gets rejected again in this zone, it increases the likelihood of continued downward movement.
**Target Zone:** Using the measured move from the pattern, the projected downside target falls in the \$3,700–\$3,900 area (red box). This level aligns with a key previous resistance area, making it a likely draw for price.
**Momentum Signal:** RSI showed bearish divergence at the head and has since dropped into oversold territory. The slight bounce suggests temporary relief, but the broader trend remains under pressure.
**Invalidation Level:** If ETH manages to reclaim and close solidly above the blue zone (\~\$4,320–\$4,400), that would invalidate the bearish setup and potentially signal a shift toward a deeper recovery.
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**Trade Setup (Short Idea):**
* **Entry:** Consider a short position if ETH gets rejected again in the \$4,200–\$4,320 zone, ideally after a bearish candlestick confirmation. * **Stop:** Just above the blue zone or the most recent swing high. * **Targets:** Take partial profits at \$3,900, then \$3,800, with a final target in the \$3,700–\$3,900 range. Trail the stop if price starts showing bullish structure. * **Risk Management:** Use appropriate position sizing to manage risk and preserve capital. #MarketPullback #ETH
🔥 0G Short Liquidation Hits Hard — $1.68K in Shorts Wiped at $6.02276
The bears just got caught slipping. 0G smashed through resistance at $6.02, triggering a wave of short liquidations totaling $1.68K.
🔍 Real-Time Breakdown:
Short Squeeze Ignites: Liquidation pressure accelerated the move upward, pushing price action into overdrive.
Momentum Flip: Bulls took the reins at $6.02, flipping market sentiment from bearish to bullish in seconds.
Next Key Level: Eyes are now on $6.20. A clean break could trigger more short squeezes and extend the rally further.
⚡ Takeaway: Shorts just got rekt. With bullish momentum kicking in and resistance levels crumbling, 0G could be setting up for a bigger breakout — if the momentum holds.