BNB Grinder Market Starts: Life-and-Death Gamble Under Zero Gas Fee Carnival
At this moment, BNB is performing a coffin board market on the four-hour level, with prices stuck between the lower and middle bands of the Bollinger Bands at 598-612, like a turtle withdrawing its head. The volatility has been compressed to lighter than an ant's fart. The trading volume has shrunk to 55,000, barely touching the ankle of the MA20 average line, while the MACD's DIF and DEA are playing a close game around 6.7. The histogram is dead in the negative value of -0.82, indicating that this coffin board market is obviously a pre-storm slumber.
The news front is a tale of two extremes: BNB Chain has announced the extension of the zero gas fee event until June 30, which seems like good news on the surface, but actually hides a deadly trap— the market capitalization of stablecoins on-chain has exceeded $7 billion, but the Megadrop project has locked up and drained $3.5 billion in liquidity, directly turning the market's buying power into a dried corpse. Even more ominously, a cross-chain bridge vulnerability was revealed this morning. Although the official response is defiant, the DEFI locked amount has already sneaked away $780 million. Three hours ago, a giant whale made a deposit of 12,000 BNB to Binance, and this group loves to play the deposit misdirection game before crashing the market.
On the technical front, there are hidden double thunderclaps: EMA7 and EMA30 have formed a death grinder at 609, while the middle band of the Bollinger Bands at 612 is like a welded coffin lid. The Williams indicator shows the market is overbought, but the price is stubbornly holding up against a long-short ratio of 1.87. Such a distorted ratio is intolerable for the bulls. The lower band of the Bollinger Bands at 598 is the life-and-death line; if it breaks, we look directly at the 580 knife gate, but the on-chain activity brought by the zero gas fee may support a temporary support range of 590-595.
In terms of operations, remember the three iron rules:
Place a spot buy at 590 in a pyramid formation, adding 10% for every $10 drop, and go dead if it breaks 565.
For contracts, set up short positions above 612, with a stop loss at 620, targeting the previous low of $550.
Keep leverage below 2x; this morning, a brother had a 20x long position at 605 that was precisely blown up, leaving not a bone fragment.
Feeling confused? Can't find a way out?? Leave a comment to gain support from a top-tier team.
I am Qi Ming, supported by a top-tier team; only those who resonate at the same frequency can gather together! (Serious inquiries only)
