Zhao Changpeng will be released from prison in September. Is BNB worth investing?
There was another correction last night. Now people in the market believe that there will be a big drop. The more this happens, the closer it is to a big positive line.
Still the same view, the long shock correction in the past 6 months has stopped falling on August 5.
At present, it is just oscillating back and forth to lure shorts. The current stage can also be called the main force accumulation stage.
Don’t look at such a big negative line yesterday, but the decline is completely reduced compared with the previous one, which means that the decline is weak, a typical trend of inducing shorts.
There are still 3 days before August ends. The following September has attracted much attention from the market because there are several major events in September, whether the Federal Reserve will cut interest rates, and Binance founder CZ will be released from prison.
Many people see that CZ is in prison and can no longer serve as the CEO of Binance. They are worried about the future development of Binance and the value of BNB.
In fact, CZ’s imprisonment is a very good thing, which is beneficial to CZ personally and the overall future development of Binance.
CZ's release from prison in September is a great morale-boosting event for the entire blockchain industry and the entire cryptocurrency community.
As an exchange token, BNB represents the entire exchange sector, so it is also a positive for the currencies of the entire exchange sector.
The trend in the past three weeks indicates that the weekly level of BNB has ended its correction after breaking the historical high last time.
If nothing unexpected happens, BNB is likely to rise in September.
