The dog owner's meat grinder is roaring again! BNB is now bouncing around the $600 mark, the four-hour chart moving averages are all twisted into a mess, with MA30 aiming a machine gun above $620, and the BOLL bands compressed like a cracker — the upper band at $646 is as hard as a steel plate, while the lower band at $595 is like a paper waist belt, with prices struggling between the mid and lower bands. The MACD brothers are lying dead underwater, with DIF and DEA values stuck at -6.4 and -4.8, the green bars are wilting, indicating the bears didn't hit hard but also didn't back off. On-chain monitoring detected Binance's cold wallet moving 20,000 BNB in the early morning, this trick of moving funds from one hand to the other is played slickly by the dog owner, likely placing liquidation orders below $590 waiting to cut the leeks.
The trading volume has completely dried up, with actual transactions at $1.36 billion, even touching the 20-day moving average of $1.68 billion is out of reach; this kind of trading volume is better off going home to raise pigs. The news front is as cold as a morgue; CZ just donated 500 BNB each to Myanmar and Thailand for charity, while the new Launchpool mine GUNZ has sucked in 18.52 million BNB, but this wave of staking mining has already been stripped clean by big players. Sun Yuchen's Tron-related new coin hasn't made a splash either, and the altcoin funds failed to recover; BNB is like a child without a mother — it can only cry.
From a technical perspective, the iron ceiling at $620-$630 is welded tight, with the false breakout to $628 on March 27 crashing back to $615, indicating that the dog owner buried a massive short position in the $627-$630 range. The $595 level is claimed as a support line, but today it has already poked down to $598, and on-chain data shows a large accumulation of stop-loss orders between $580-$590; if it breaks, we’re directly looking at $560 to lick blood. Personally, I judge that we will continue to see a downward grind today; anyone daring to touch $615 should get slapped with a short position, and if it urgently breaks below $595, don’t chase the bottom — wait until it pokes down to $585 to pick up corpses in batches. Remember, sideways movement is not consolidation but rather execution; watching more and acting less is the way to survive the bull's return!
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