(The magical 4.17 of BNB: After burning 1.6 million tokens, the price is still 'lying flat'?)
——Big Coin Hunter
Everyone, today's cryptocurrency script is more exciting than (Empresses in the Palace)! Just this morning, Binance officially announced the completion of the 31st quarterly BNB token burn, burning a total of 1.6 million BNB worth $914 million in one go, even more intense than shopping on Double Eleven. At this rate, Binance's goal is to reduce the total supply of BNB from 146 million to 100 million, directly executing a 'token weight loss program'—unfortunately, the price is like us after signing up for a gym membership, taking selfies but not working out, still 'doing sit-ups' around $584 in the short term.
Part 1: Burning is momentarily pleasant, but is the price a funeral pyre?
Binance's recent burning operation can be described as 'detachment from the crypto world'. According to the official statement, burning tokens is intended to make BNB scarcer, which is bullish for the price in the long run. But the reality is: today, BNB's price is like a rebellious teenager, stubbornly refusing to break through the 'parental resistance level' of $586. The technical indicators are a melodrama—RSI is lying flat around 45, and MACD is still struggling with 'golden cross or death cross', as if performing a sequel to (Hesitate and You Will Lose).
Some netizens complained: 'Burned $1 billion, but the price remains unchanged? Is Binance burning for nothing?' But seasoned traders smiled slightly: Burning is like a piggy bank; it may make some noise in the short term, but it takes time to save up for a big house!
Part 2: The long and short battle, the 'faith recharge' scene of the retail investors
Today's market can be described as a 'live broadcast of long and short mutual accusations':
Bulls: Burning + deflation + Binance ecosystem, BNB will eventually surge to $800! Just look at last year's new investment that made a 284% profit, even Bitcoin is envious!
Bears: Wake up! The technical indicators are all bearish; if it can't stabilize above $580, be careful of falling back to the 'three-bottom support area' at $500!
Even funnier is that someone in the community brought up the 'symmetrical triangle' esoterica, saying that BNB is about to unleash a big move; once it breaks the downtrend line, it will soar 37%. However, retail investors said: 'Triangle? I only know the three-piece set of retail investors—chasing highs, getting stuck, and cutting losses.'
Part 3: The cryptocurrency version of 'A Song of Ice and Fire'
Don't be fooled by BNB's current stagnation near $580; it has 'cash ability' protection—
Ice (bearish): The hawkish remarks from the Federal Reserve scared the US stock market, global funds seek refuge in gold, and the cryptocurrency market is also trembling.
Fire (bullish): Binance reaches a settlement with the SEC, ecological upgrades with a full AI package, and on-chain transaction fees directly crush Solana!
The most outrageous thing is that BNB's 'US stock gene' is being wildly hyped—deflationary mechanisms are reminiscent of Apple's stock buybacks, and Binance's Launchpool new investment yields are crushing Bitcoin, truly the 'king of easy profits'. No wonder some netizens joked: 'Buying BNB = buying Binance stock + new investment lottery + downside insurance, a luxurious three-in-one package!'
Part 4: Future script prediction—will it break through or 'play dead'?
According to the old trader's 'esoteric + scientific' mixed analysis method:
1. Short-term: If it breaks through $584, it may challenge the resistance level at $586; if it falls below the support at $577, please prepare a quick-acting heart-saving pill.
2. Long-term: Continuous token burns + expansion of the Binance ecosystem, the scarcity of BNB is comparable to 'the Hermes of the crypto world', a historical high of $800 is just a small goal.
Final friendly reminder: One day in the crypto world is like a year in the human world. Today's 'lying flat' for BNB may be tomorrow's surge 'foreplay'. After all, even gold has risen to $3340, shouldn't BNB get a taste too?
(This article is purely for entertainment and does not constitute investment advice. If there are similarities, it may be that the market makers copied my lines.)
The final summary from the big coin hunter: Burning tokens is like setting off fireworks; it lights up the night sky in the short term, but in the long term, it depends on whether there’s enough fuel. The BNB script is not over yet...🔥
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