Just now, BNB announced the biggest annual benefit! What to do next?
Friends, just now, the crypto world went crazy! Binance has officially obtained a global license in Abu Dhabi, which is a first in the world. Simply put, Binance has received "official certification" in a top financial center, with compliance reaching peak levels. This is definitely a shot in the arm for the entire market, especially for BNB!
Let's first look at the news. This license is not easily obtained; it comes from Abu Dhabi in the UAE, where regulatory standards are internationally top-notch. This indicates that Binance has received the strictest recognition in safety, compliance, and user protection. Confidence is more important than gold; as major institutions become more stable, institutional funds will dare to enter, which is a long-term benefit.
Now, looking at the technicals, what a coincidence! Just when the good news came out, the 1-hour chart of BNB was stuck at a key position. The price is around $904, hovering near the middle Bollinger Band. The pressure above is at the upper band of $1019, and support below is at the lower band of $879. The MACD indicator is also hovering near the zero axis, with both bulls and bears in a stalemate.
My view is: this wave of news comes at just the right time! The technical consolidation coincides with a significant fundamental breakthrough. It’s like a spring that has been compressed for a while and suddenly encounters an external force; it’s often easier to choose a direction. The license benefit will first boost market sentiment, likely attracting funds to focus on BNB, helping the price stabilize near the middle band, or even test upwards.
In terms of operation, let me give you some practical advice:
Don't rush in too excitedly. The good news is real, but the market needs time to digest it. Be wary of short-term fluctuations of "buy on expectations, sell on facts."
Focus on this position: around $906. If it can stabilize above, short-term sentiment may turn positive. The next pressure level can be initially looked at in the $940-$960 area.
Remember the support: in case the market reacts flatly and retraces, the key support is in the $879-$892 area; as long as it doesn’t break down, the upward consolidation structure still remains.
This license is a "pass" for long-term development, but will the price immediately skyrocket in the short term? Not necessarily. The next movements are key! If you don’t know how to time it right, you can follow Bai Yue, who will analyze in real time in the village and provide the best entry points currently available.
