Warning! 58,000 BNB sell-off ammunition and technical death cross equals waterfall countdown!
1. Three major bullish and bearish signals in terms of technology!
1. MACD death cross: DIF crosses below DEA forming a daily death cross, a similar pattern in May led to a 35% weekly drop in BNB.
2. Death arrangement of moving averages: The distance between MA5 and MA10 has expanded to 70,000.
3. Volume-price divergence trap: Current trading volume is 32,000 (only 18% of the monthly average), with 2.2 million BNB trapped between 655-710.
2. Latest on-chain news!
1. The U.S. SEC requires Binance to submit new KYC materials.
2. Daily trading volume on BNB Chain plummets by 45%.
3. Jump Trading simultaneously opens a $60 million short position.
4. A giant whale deposits 58,000 BNB (worth $34.8 million) to Binance.

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