In the crypto world, a day is like a year! BNB is playing a tug-of-war at $650, is it a dramatic comeback or a case of 'don’t go, fellow townsman'? I’ve been watching the market for three days and three nights, and finally figured out the market maker's secret!
One, $670 is the lifeline of BNB! Yesterday it spiked down to $652 and then bounced back, clearly indicating that the market makers are supporting the price. I personally saw a whale address dump 50,000 BNB in half an hour, only to be instantly swallowed by a mysterious buy order. Is this not market support? $680 is a short-term death trap. Last week's analysis suggested aiming for $700, but it got smashed to pieces just as it touched $691. I have a brother who went all in at $680, and now he's stuck waiting... The RSI has surged to 62, and according to textbooks, it should pull back, but the MACD golden cross is still expanding. This market is as unpredictable as my ex-girlfriend's feelings!
Last Wednesday at midnight, BNB suddenly surged by 10%. An old brother in the group shared saying, "The MACD golden cross is stable," but the next day he got liquidated by a spike. A bloody lesson: Don’t blindly trust technical indicators!
Two, the Binance printing machine has started!
Binance uses its profits every month to buy back and burn BNB. Last month, they burned $1.16 billion worth of BNB all at once! Now the total supply is only 142 million, which is scarcer than Moutai. This operation is like deleting equipment in a game; the more you burn, the more valuable it becomes! The BNB chain recently launched an "AI bundle," slashing gas fees to five times that of Ethereum! PancakeSwap now has a daily trading volume of $1.64 billion, rubbing Solana's face in the dirt. Yesterday, I was trading on the BNB chain, and the $0.1 fee was confirmed in seconds—so great!
I heard VanEck is going to launch a BNB spot ETF, and Standard Chartered is even bolder—directly calling for $1275 in 2025! I calculated that if it reaches that price, buying now could double your investment. But don’t celebrate too early; those old guys at the SEC haven't nodded yet...
Three, Retail Investors vs. Whales in the Squid Game
Whales are bottom fishing. Recently, holders with over 1,000 BNB have surged by 15%, and one address transferred 80,000 BNB to a cold wallet in three days. This reminds me of the night before the bull market in 2021, when whales were quietly accumulating... Retail investors are going crazy! Binance Launchpool has launched a new coin mining program with an annualized return of 284%! A college student in my group staked BNB and earned half a year’s living expenses in three days. Young people are really brave now! KOLs are fighting a chaotic battle. The #BNBsurge topic surged 320% in 24 hours on Twitter, with a certain big influencer calling it "$720 is just the starting point." I took a look at this person's holdings, and damn, they had cleared out a long time ago!
If Bitcoin drops below $65,000, BNB could fall to $635 in a minute. Don’t ask me how I know, the 5.19 disaster is still fresh in my mind! The SEC has recently been eyeing Binance; if they declare it "securitized," BNB could be halved in value! Refer to last year's brutal XRP situation... The Solana guys are messing around with zero gas fees, and Ethereum's Cancun upgrade is also trying to steal the spotlight. If BNB's ecosystem can't keep up, it will eventually get crushed on the beach! Action: I took out 20% of my position to buy a $600 put option, just like buying insurance for my holdings. The rest of the money is hedged with BNB/BTC; even if it drops, I won't panic~
Four, stabilize at $680 and buy with your eyes closed; sell half at $700! If it drops below $650, sell quickly, don’t compare with the market makers on who can hold out until the ETF is approved! Referring to Bitcoin's 40% surge after the ETF approval, if BNB gets approved, $1275 is not a dream. Trade between $635 and $700, using the 4-hour MACD golden cross and dead cross signals. I profited 8% for free using this strategy last week.
Blindly going solo will never bring opportunities. Why not follow Dragon King and pay attention to me? I will guide you to explore top-tier resources for tenfold potential coins.
$BNB