Currently, BNB has sharply dropped to $550, with a maximum decline of over 9% in 24 hours. The Williams indicator has continuously issued oversold signals, and on-chain trading volume has surged to $2.1 billion, indicating both panic selling and signs of accumulation by main players. From a technical perspective, a multi-period support zone has formed around the $560 level; if this position holds throughout the day, it is expected to enter a consolidation phase for a bottom formation. Core logic support lies in: 1) The fundamentals of the Binance ecosystem remain unchanged, with the quarterly burn mechanism (currently 100 million tokens, deflation rate 2.32%) continuing to pressure the supply side; 2) The BNB Chain has opened an AI-themed hackathon, accelerating the construction of the opBNB ecosystem, empowering the on-chain gas fee necessity; 3) The main trading pairs USDT/FDUSD maintain a share of over 26%, and liquidity has not shown signs of a collapse.
In recent times, the market has been intertwined with both bulls and bears, as macro policies and liquidity battles continue. Key highlights include the release rhythm of approximately $16 billion in payments to FTX creditors, with some funds possibly flowing into the crypto space; the SEC's 'hands-off' stance on meme coins indirectly benefits ETH, but Trump's policies may raise concerns of market manipulation. Although the U.S. ETH ETF provides a short-term boost to coin prices, the continuous inflow of funds still needs to verify risk appetite. It is noteworthy that the laundering of stolen ETH from Bybit has triggered selling pressure, and the unlocking of tokens from the four major L2 protocols has intensified market volatility. On the regulatory front, Binance's strong measures to freeze problematic projects demonstrate the mainstream trading platforms' commitment to enhancing compliance, with a clear trend of market de-leveraging. Investors need to calmly distinguish between technical breakthroughs (such as Ethereum MEV/sharding research) and short-term noise, avoiding going against the trend.
#白宫首届加密货币峰会 I didn't expect this, folks, it's really lonely! Leaders from various countries, big shots from the crypto world, and legendary figures like Vitalik are all crammed into one room battling it out; the scene is simply surreal! To put it plainly, there are three things causing a ruckus: 1⃣ On one hand, they want to make money with blockchain, but on the other hand, they're afraid of being hacked and having their funds run away—what to do? 2⃣ The U.S. just said it wants to tighten regulations on stablecoins, and Singapore immediately loosens up; where should retail investors go to exploit the loopholes? 3⃣ Every day they hype Web 3.0 as a disruption to the internet, but now there are more blockchain chains than milk tea franchise factions? The most impressive part was Grandma Yellen suddenly pulling out a "programmable dollar" PPT! It seems the Federal Reserve also wants to join in on issuing coins to reap profits? (Just kidding) The SEC is even tougher, directly labeling NFTs as "possibly considered securities," which scared me into checking the monkey picture on my phone... The most troubled right now are us small investors—afraid that if regulations are too loose, the project parties will treat us like pigs to be slaughtered, and if they're too strict, they'll suffocate DeFi. If you ask me, the relationship between this meeting and the crypto world is probably like a homeroom teacher suddenly saying they want to co-write class rules with the students. (Crazy @Vitalik, can you airdrop a tax token for the regulators too?) This wave is a large-scale face-to-face interaction between classical internet and crypto new elites ⬇ P.S. There's news that Musk made a late-night call to the White House requesting to integrate Dogecoin payments, is it true? (Manual dog head)
$BTC Everyone's anticipated speech has splashed cold water on everyone this morning! Today and tomorrow, hype around the crypto summit! Then, the hype will shift to inflation and interest rate cuts! We’ll see if there’s a bull after the meeting at dawn. So today, I suggest closing all positions and observing carefully, or trying a small position based on my levels – don’t become cannon fodder, my friends. I really admire your strategies in this strong market…… (Personal opinion, for reference only!) Today's market analysis: Today, Bitcoin continues to decline; pay attention to support levels / watch for long positions: 83888/82588/82366/81288 On the news front, pay attention to resistance levels / watch for short positions: 90888/92588/93666/95000
The most noteworthy recent event is that the Brazilian bank is launching the BBRL stablecoin on the XRP blockchain, pegged to the Brazilian real, providing secure and efficient digital transactions for Brazil and the South American region. There is a general optimistic attitude towards XRP, with the belief that it is likely to become an innovative decentralized information financial platform. The focal point to watch is that the INFOFI network of XRP is expected to improve market efficiency, bringing more benefits to participants.
#特朗普国会演讲 If Trump mentions cryptocurrency policy in his congressional speech, it may lead to short-term market volatility. Recently, his campaign team has repeatedly signaled 'support for innovation,' emphasizing an anti-CBDC stance and criticizing the Democrats for excessive regulation (such as the SEC lawsuit against Coinbase). If there is a softening of regulatory expectations, it may stimulate speculation in MAGA-related coins (TRUMP, POLITICO). However, one must be wary of 'political benefits' leading to profit-taking after realization, and the Biden administration's high-pressure policies are unlikely to reverse in the short term. In the long run, the two-party competition during the U.S. election year may amplify policy uncertainty in the crypto space, and Bitcoin could be pulled in both directions by risk-off/risk sentiment. Pay attention to the correlation between Coinbase's stock price and the volatility of mainstream coins after the speech.
The new year is here. Do you want to make your wallet fatter? Then don't miss $BNB !
Why choose $BNB ?
- Cheaper transactions: Using $BNB to trade on Binance can save a lot of transaction fees.
- Super multi-purpose: Not only for trading, but also for payment, participation in new projects, etc., it is simply a master key.
- Bullish value: BNB's value has been rising, it is a good investment choice.
It's the Year of the Snake, add BNB to your investment plan! Easily manage your finances and make money. Remember, be careful when investing, but don't miss the opportunity when it comes!
(Tip: Be cautious when investing, these suggestions are for reference only.)