Brothers, I'm Mig.
Isn't this market action tonight shocking many people again? On one hand, the BNB four-hour MACD has crossed down, and on the other hand, the US September core PCE data fell short of expectations. The promised interest rate cut benefit isn't reflected in the coin prices, why is that?
Don't panic, let me break down the news for you.
Tonight's PCE data shows that inflation is indeed cooling, and the Fed's interest rate cut expectations are indeed rising, but for the crypto market in the short term, this is actually a 'good news landing.'
Why? Because the market has already priced in this expectation during the earlier rise. Once the data was released, some institutional funds took the opportunity to cash out and turned to more conservative assets.
So you will see, clearly the data is 'good', but BNB is still falling—this isn't because the data is useless, but because you understand the emotions behind the candlestick chart, right?
Speaking of the technical aspect, the most critical contradiction is here:
On the four-hour chart, the yellow and white lines are dead crossing above the zero axis, which is a clear signal of weakening short-term momentum.
The first resistance above is 895. If it can't stabilize here, don't easily talk about rebounds. If it can break 895 with volume and close above, then this round of correction can be considered concluded, and there will be opportunities to challenge 930-950 again.
But if 895 still can't be crossed... then you need to be alert.
The support below is first seen at 870, which is the lifeline of the bull-bear game. Once it breaks down with volume, it will likely quickly test around 830 for support. When that happens, don't ask me 'can we catch the bottom', remember this: don't guess the bottom in a downtrend, and watch the show when the rebound is weak.
Mig gives you a clear suggestion:
If your position is heavy, if 895 can't be crossed, then reduce your position first. Don't wait until it breaks 870 to regret.
If you are out of position, don't rush to go long here. Wait until it clearly stabilizes above 895 or falls below 830 before gradually positioning.
Never forget to stop loss. Once it breaks 870, you must run in the short term.
If you still can't understand the direction now, or if you always buy and it falls, sell and it rises, then you can follow Mig. I not only share real-time judgments on the market every day but also teach you in the community: how to predict turning points using 'news + candlestick structure', how to set dynamic stop losses to prevent profits from turning into losses, and how to buy low and sell high in a bearish market without becoming a victim.
Tonight BNB is likely to move between 895-870; I will follow up in real-time in the village. The market never lacks opportunities, what it lacks is people who can understand them.
Want to know how Mig led the brothers in the village to avoid the pin and accurately ambush? Follow Mig and participate in every attack of Mig's villagers! Mig will announce the specific entry times and real-time news in the village every day!
