Today, as soon as I opened my eyes, the crypto world staged a bloody scene again!
BTC led the plunge, directly crashing through 86000, with nearly 600 million dollars evaporated from the entire network within 24 hours, and over 170,000 people liquidated. Is your BNB also shaking along? Don't panic yet, let's discuss in detail today whether BNB's drop alongside the market is a danger or an opportunity. Combining the just-released heavy news and technical analysis, let me give you some insight.
News: Two 'gray rhinos' are charging in, is global liquidity about to tighten?
The first and the most ferocious 'gray rhino' is the Bank of Japan. The market is almost betting that an interest rate hike of 25 basis points will be announced on Friday! You must know, the little days have not moved interest rates for more than a decade, if they really move this time, it will definitely be a nuclear-level event. Every time the Bank of Japan raises interest rates, Bitcoin crashes, with a drop of never less than 20%! In March, it fell 23%, in July 26%, and in January next year, it will fall 31%... If history repeats itself this time, the entire cryptocurrency market may have to take another hit. Can BNB, as the core asset of the ecosystem, remain unscathed? Difficult.
Secondly, the 'Fed's change' plot has been updated! Previously, everyone thought Hasset was firmly seated as chairman, but unexpectedly, a surprise candidate emerged. This guy's policy stance is considered to be potentially more hawkish than Hasset's. The market was already gloomy due to last week's Fed 'explicitly lowering interest rates, implicitly sounding hawkish,' and now with the candidate change, it adds another layer of shadow to future easing policies. Now, risk assets are all 'digesting macro uncertainties,' in plain terms: everyone is uncertain, so let’s respect the decline first.
If you are unclear about the specific entry points, you can pay attention to the insights, which offer real-time reminders in the village for friends who have followed me for 24 hours.
Technical Analysis: BNB is at a crucial life-or-death line; breaking or rebounding hinges on this moment.
Trends and Positions: BNB has just concluded the box oscillation phase and has broken below the box. Short-term support looks towards 840, while stronger support is around 790. The pressure level above is at 915.
Volume and Indicators: The recent decline is a 'volume drop,' indicating real and heavy selling pressure. However, it subsequently entered an 'incremental oscillation,' where both bulls and bears are fiercely battling at this position. The MACD indicator is forming a death cross trend below the zero axis, which is a typical bearish signal. The RSI indicator is also in a weak range but has not yet reached oversold, indicating that there may still be room for downward momentum to be released.
Insights: The current area of 790-840 is BNB's lifeline. If it breaks below 840 with increased volume, the downward space may be completely opened up, with the next strong support at 790. If it can oscillate above 840 and slowly repair indicators, there is a chance to challenge the resistance level of 870 or even 900 again.
Aggressive fans can short at the current price directly, while cautious ones should wait for a rebound to the key level around 870 before entering. If you're unsure how to enter and want to follow the thought process, pay attention to the insights, enter, the insights, village, insights will guide you in the village!
Personal Opinion: Risks outweigh opportunities, but a sharp decline is a touchstone for long-term investors.
To be honest, the current situation carries very high short-term risks. The potential tightening actions of the two major central banks are drawing the 'water' away from the market at a macro level, and the cryptocurrency pool is most sensitive to the depth of this 'water.' The technical aspect of BNB also clearly shows weakness, and the key support level is being tested.
In summary: The future of BNB is shrouded in macro clouds in the short term, with a breakdown in technical aspects, making it more probable to continue searching for support. What we need to do is not predict precise points but prepare plans. Pay attention to Friday's final decision from the Bank of Japan, and closely watch the defense and attack in the key area of 790-840. The market is always full of opportunities; what’s lacking is the capital to survive until the next opportunity. Stay patient, control your hands, and wait for the storm to calm down, or until a golden opportunity arises, then strike boldly!
What players need to do is 'patiently wait for opportunities, act decisively and steadily.' Pay attention to the insights, enter the village, and come to receive daily shared real-time strategies + loss prevention guidelines!
