Why the surge?
Mining Wealth Effect: Binance's new mining Portal is online, 28 million BNB locked for mining, miners are scrambling to buy and prices are skyrocketing!
Hong Kong institutions are going crazy: 8 mainland brokerages have obtained licenses, BNB has become a compliant channel, big players in Hong Kong are buying 210% monthly!
Deflationary Bomb: Quarterly destruction of 2 million BNB (worth $1.4 billion), getting scarcer as it burns!
How much more can it rise?
Current Resistance Levels:
First Level: $732
Ultimate Target: $800
Iron Bottom Support: 680-690 range
Whale Signals: Big players bought 1.2 million in 7 days (cost $685), clear signals for market making!
Profitable Strategies:
Spot Traders:
Existing Position: BNB to BTC exchange rate hits a new high for the year, hold and don't sell!
Want to get in: around 690-700, stop loss at 680.
Contract Party:
Breakthrough 690-700 to go long (Target 750)
Short below 680 (Target 650)
Risk Warning:
(Sudden regulatory actions in Hong Kong may temporarily crash the market; if the Portal token launch fails, mining funds may exit. The contract market has buried $3.2 billion in explosives, do not operate with high leverage.)
Dear viewers, remember to follow! Daily updates on operational guidelines to clearly interpret market hotspots.
