BNB Early Morning Surge and Drop, Is the Whale Playing Psychological Warfare?
This morning, BNB violently surged to $800.58, a 24-hour increase of 4.37%, reaching a historical high! However, the five-minute candlestick immediately exposed some tricks: $799.66 became a short-term resistance, closing back down at $798.16, with the increase shrinking to 0.09%.
1. From a technical perspective:
Bollinger Bands are tightening: the middle band at $795.05 is the lifeline, the upper band at $807.32 resembles a high-voltage power grid, and the lower band at $782.78 is a deep pullback zone.
MACD has a dead cross above water: the green bars extend to -1.11, with bears dominating in the short term, but remember— a dead cross after a new high could be a fake drop!
2. Why is $800 considered a watershed?
1. Three years of pressure broken in one day: $800 was originally the “coffin lid” resistance from 2012-2025; today's volume breakout equals overturning the bearish gravestone.
2. On-chain upgrades providing support: BNB Chain has just increased its block processing speed by 10 times, reducing gas fees to $0.01, directly attracting institutions to buy in.
3. Evidence of giant whales lurking: Last night’s $100 million token burn + the U.S.-listed institution BNB Reserve Company entering the market to provide support clearly indicates “it won't drop.”
3. This afternoon, keep an eye on two major trend reversal signals
11:00 (UTC+8) Withdrawal suspension: Binance will maintain the wallet for 30 minutes; withdrawal channels will be closed, but trading will proceed as usual. Historical experience: such maintenance often triggers second-level spikes, so remember to stay away from $790 when placing orders!
Battle for the $795 middle band: If it falls below $795 with high volume, there may be a short-term pullback to $792; if it holds $795 and breaks through the early morning high of $799.7 with high volume, the upper band at $807 will be the next target.
Follow Yangming, a professional team that will guide you to accurately target swing points; keep up with the rhythm and let your assets take off! Yangming steadily doubles your investments with low leverage in private contracts.
