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大嗯BNB-6月末必须毕业
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Last week, BNB surged for three days to hit a new high, but today it's down 2%—even worse than BTC.
BTC is down 0.77% today, while BNB is down 2.02%.
This is pretty normal. That part of the market that outperformed last week is paying back today.
FOMC's Waller kept the rates unchanged last night, with a neutral to hawkish tone, and the market's first reaction was relief—then today we started to see a pullback. After the "good news hit the ground," funds began to take profits, and those that ran the fastest are the first to dip. BNB just reached 632 last week, so a pullback was to be expected.
Current price is $589, with a low of $587 today. The 587 level is worth keeping an eye on—last week we mentioned that "602 is the zone for accumulating in batches," and now the price has broken that level, coming down to around 587.
There are two possibilities here:
First, if 587 holds, this pullback could just be a correction of last week's overextension, the structure remains intact, and if we reclaim above 600, we’re still in a bull market;
Second, if 587 doesn’t hold, the larger support zone is between 570-580, which is the real accumulation area.
Today, the number of AI Agents on the BNB Chain has surpassed 150,000, providing independent support for on-chain activity; the quarterly auto-burn mechanism is still in effect, physically reducing supply every quarter.
These underlying fundamentals haven’t changed, but the short-term pullback is real; whether 587 holds will be answered before today’s close.
I'm personally sitting on the sidelines, not adding to my position here, waiting for 587 to stabilize before making any moves.
$BNB
{spot}(BNBUSDT)
#Binance
BTC is down 0.77% today, while BNB is down 2.02%.
This is pretty normal. That part of the market that outperformed last week is paying back today.
FOMC's Waller kept the rates unchanged last night, with a neutral to hawkish tone, and the market's first reaction was relief—then today we started to see a pullback. After the "good news hit the ground," funds began to take profits, and those that ran the fastest are the first to dip. BNB just reached 632 last week, so a pullback was to be expected.
Current price is $589, with a low of $587 today. The 587 level is worth keeping an eye on—last week we mentioned that "602 is the zone for accumulating in batches," and now the price has broken that level, coming down to around 587.
There are two possibilities here:
First, if 587 holds, this pullback could just be a correction of last week's overextension, the structure remains intact, and if we reclaim above 600, we’re still in a bull market;
Second, if 587 doesn’t hold, the larger support zone is between 570-580, which is the real accumulation area.
Today, the number of AI Agents on the BNB Chain has surpassed 150,000, providing independent support for on-chain activity; the quarterly auto-burn mechanism is still in effect, physically reducing supply every quarter.
These underlying fundamentals haven’t changed, but the short-term pullback is real; whether 587 holds will be answered before today’s close.
I'm personally sitting on the sidelines, not adding to my position here, waiting for 587 to stabilize before making any moves.
$BNB
{spot}(BNBUSDT)
#Binance
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.