Now BNB is stuck at $600-630 and can’t go up or down. Those who bought it at the high price of more than $700 at the end of last year and $1,200 at the beginning of this year are now losing $12. Key technical points: $630 is the short-term life and death line. If it fails to break through, it may fall back to $600. If it falls below it, it will have to find support at $550.Split emotionsLarge institutions such as BlackRock are still adding positions, but small retail investors are scared of the risk of leverage liquidation. Binance destroys BNB every quarter. It is expected to burn 1.8 million pieces this year. The total amount is getting smaller and smaller, and the scarcity is enhanced, similar to the company's stock repurchase.Eco-earning ability: Now BNB can be used for more than 50 functions such as trading, financial management, and mining. The daily transaction volume is nearly 1.7 billion US dollars, and the annualized return on pledge is up to 25%.Compliance upgrade: After settling the lawsuit with the SEC, the Binance team expanded by 20%, and institutions dared to enter the market more.If it rebounds: Stand firm at $630 and the trading volume is enlarged, hold it and wait for $700-800, and start selling in batches when it rises to $750. If it fluctuates: go back and forth between 550-630, below 550, make fixed investment, above 600, make a 5% buying point for the swing down, and a 5% selling point for the rise.If it plummets: stop loss first if it falls below $500, and wait for stabilization before buying the bottom.Keep an eye on the signal: 50,000 BNBs entering the exchange in a single day may have to fall sharply. The contract fee rate exceeds 0.1%, indicating that the leverage is overheated.
How do different people operate?
Those who are trapped at high positions use grid trading to spread the cost. Buy a little when it falls, sell a little when it rises, and buy $500 of insurance at an annualized cost of 10%.Those with low costs: keep 60% of the bottom position to earn interest, and add positions when it breaks through $800.Large capital players play futures premium arbitrage, and buy some ecological coins such as CAKE to hedge risks.BNB is fluctuating now because the market is re-pricing it. It has both exchange attributes and ecological value. You can't hold on to it when you are untied. You have to respond flexibly according to the different situations of breakthrough/oscillation/plunge, focusing on the destruction of data, ecological development and policy changes. Long-term players who can hold on can enjoy the ecological dividend, but they must guard against black swan crashes
The opportunity is fleeting, and the callback is imminent. Buy the bottom and layout the spot. The huge profits of altcoins are waiting for you! Doubling is not a dream. Click the avatar to follow me and go to the bull market feast
