Coin friends, I am the God of Wealth! Today, there is heavy news: Dubai Customs has officially signed a contract with Binance to integrate cryptocurrency payments into the global trade system! This is definitely a super good news for the BNB ecosystem. But strangely, the price of BNB is 'lying flat' around $900, unable to even break through $917. Is this really a once-in-a-millennium bottom-fishing opportunity, or is it a 'smoke bomb' used by the main players to offload while taking advantage of the good news? Follow the God of Wealth, and I will explain this capital game behind it in three minutes!
The news is of 'nuclear-bomb-level' good news:
The level of cooperation from the Dubai government means that the practical scenarios and compliance status of BNB will be greatly enhanced, which is the foundation of long-term value. But why isn't the price of the coin rising? The truth often is: this kind of long-term good news can, in the short term, be used by the main players to 'offload' or 'wash the market'. They may take advantage of the market excitement to exchange chips at high levels with retail investors who chase after rising prices.
The technicals reveal the 'truth of the market':
The one-hour chart is very clear: BNB is being pressed down hard by this key resistance at 917. Although the MACD has golden cross, the energy bars are unmoving, which is called 'no volume golden cross', a typical signal of weak upward momentum that can easily lead to a 'false breakout.'
More importantly, the support at 880 is not far away. Once the excitement from good news passes, the price is likely to quickly pull back here. The real defensive line is at 840.
Daily sharing from the Goddess of Wealth; if it helps you, you can follow the Goddess of Wealth to get first-hand news and entry points in the chat room!
Views and strategies from the Goddess of Wealth:
The Goddess of Wealth sees a short-term sideways trend leaning bearish. The strategy is: do not chase the rise with good news, wait for the market to find its own direction.
Advice for those holding long positions: If you bought earlier, now is not the time to add to your position! Instead, you should consider reducing your position in the 905-910 area while the market attention is high to lock in profits. Don't use long-term positive news as an excuse for short-term explosive growth.
Suggestions for going short: Observe around the 905 pressure zone. If the price rebounds here and shows stagnation, you can try a small short.
Suggestions for going long: Never chase the highs! If you really want to position yourself, patiently wait for two opportunities: one is when the price falls back to around the 888 support zone and stabilizes; the second is when the price breaks through 917 with volume and confirms on a pullback. Otherwise, just watch!
Risk control line for everyone: Keep a close eye on 880. If it breaks below this level, the short-term technical structure will deteriorate, and long positions must exit, targeting downwards towards 840.
The cruel part of the market is that it often completes a short-term top when long-term positive news is released. What we need to do is distinguish between the 'story' and 'reality.'
If you think the Goddess of Wealth has remained calm during the positive news frenzy, pointing out a potential risk area and a safer observation area for you, you can follow the Goddess of Wealth. Next, will BNB break through 950 on the tailwind of good news, or will it fall to 840 after the good news runs out? I will use the most straightforward market language to expose the true intentions of the main players at the first opportunity. Here, you can not only avoid traps but also learn how to use 'news' to create a safety margin for yourself.#BNBChain生态代币普涨
