The longer the consolidation, the more explosive the breakout — BNB is brewing a major move; will it break through the previous high or test support? The key depends on the two levels of 847 and 778!

Current Market Analysis

BNB is currently stuck around 810 USD, unable to rise or fall, swinging back and forth like a 'pendulum'. The upper level of 847 USD is a strong resistance level, and it has been pushed down every time it reaches this point; the lower level of 778 USD is a strong support, with funds coming in every time it drops here.

Technical Indicator Highlights:

  • MACD: The green bars have just emerged (0.64), and the DIF and DEA are sticking together below the zero axis, indicating that the bearish pressure is weakening, but a golden cross has not yet formed, and the bulls have not truly exerted force.

  • Trading Volume: Recent trading activity is sluggish, and the order book is sparse (the largest order is only 10 BNB), indicating that large funds are on the sidelines while retail investors are playing 'high sell and low buy'.

News Impact

  1. Binance News:

    • Today, Binance announced a new Launchpool project (but no specific information yet), and the market reaction is average; BNB hasn't moved much.

    • There are rumors that Binance is discussing a compliance license in the Middle East; if true, it could be beneficial for BNB, but we need to wait for official confirmation.

  2. Market Influence:

    • BTC is fluctuating around 69,000 USD, and ETH is also showing weakness; the entire market lacks direction, and BNB can only sway along.

    • Tonight, Federal Reserve officials will speak; if they sound 'dovish' (hinting at no interest rate hike), it could lead to a market rebound; if they sound 'hawkish' (hinting at a rate hike), be careful of a market crash, and BNB will likely follow the decline.

Personal Opinion & Classic Cases

Viewpoint 1: 'Consolidation is not a bad thing; it may be the main players accumulating shares'

  • Similar case: At the beginning of June, BNB consolidated around 580 USD for a week, then suddenly surged past 600 USD, and subsequently rose to 700+.

  • Current scenario: If it breaks above 847 USD with volume, the next target is 860-877 USD; if it falls below 778 USD, it may quickly test 760 USD (strong support).

Viewpoint 2: 'MACD can deceive, but volume does not lie'

  • Although the MACD green bars have just appeared, the trading volume is too low (13.68 BNB), indicating that the main players have not yet taken action.

  • Comparing to the surge on July 25, when the MACD golden cross + trading volume doubled, it was the true breakout signal.

Operation Suggestions

  • Short-term Players:

    • High sell and low buy within the 810-847 USD range, with a stop loss if it falls below 800 USD.

    • If it breaks above 847 USD, you can take a small position to go long, targeting 860 USD; if it falls below 778 USD, then wait and see, and buy at 760 USD.

  • Long-term Players:

    • 760-780 USD is historical strong support; place orders to ambush, with a stop loss at 750 USD.

    • If it breaks above the previous high of 877 USD, it might start a new upward trend.

Risk Warning

  1. If the market suddenly crashes (for example, if BTC falls below 68,000), BNB is likely to follow the decline.

  2. Binance news is sensitive; beware of sudden negative news (such as regulatory issues).

'Is this period of consolidation for BNB the main players quietly accumulating shares, or preparing to crash? After the Federal Reserve's speech tonight, the answer may be revealed! Follow me for timely analysis of the change signals, helping you avoid the waterfall and seize the surge!'