Hello friends, I am Qi He. Today's market looks like the calm before the storm, especially BNB, which is moving very subtly. It just broke through 860, and in the blink of an eye, it fell back below 850. Many people must be feeling anxious: is it going to soar to 880, or is it a false move aiming to drop to 842 or even 810?
Stop guessing. As an analyst who has been in the market for many years, let me break it down for you and explain clearly, and tell you about a key action tonight.
News: Good and bad news are in a tug-of-war.
During the day, it did break through 860 with volume, reaching a high of 868, which indicates that there is real money entering the market, not just a pure hype.
Preliminary support formed: the area of 856-858 has become a new temporary support cushion. The first retest did not break, which is a positive signal.
The scrutiny of Binance is like a sword hanging over one's head. As long as it hasn’t fallen, large funds won’t dare to ramp up. This is why the market is up 2.2%, but BNB is struggling to keep up with the market.
Heavy pressure above: Looking at the chart, the area near 880 is a dense transaction zone from earlier, representing a significant pressure range. Without super favorable news, it’s hard to break through in one go.
Technical aspect: A key signal that many people overlook.
Everyone look at the MACD in the second chart, here comes the key point!
Although the price has fallen, both the white and yellow lines of the MACD are rising below the 0-axis! This is called 'the brewing of a golden cross at a low position'. Translation: The downward momentum is weakening, and the bulls are secretly accumulating strength.
This often means that if the price can hold at the key support level, the subsequent rebound will be very strong.
So, don’t panic at the first sign of a drop. Real veterans are now fixated on two critical points:
Upper life-or-death line: 880 USD. However, here, every rise is a rebound, not a reversal. If it breaks through with volume, the situation will become clear.
Lower lifeline: 842 USD. This is the last defense line for the bulls. Once it breaks and cannot return, the short-term trend weakens significantly, and there’s a high probability it will go to 810 to find stronger support.
What should players do? Don’t rush now! Two opportunity points:
Aggressive type: In the 842-845 area, if a clear reversal candlestick appears, you can try a small long position, find me for specific stop-loss points.@链上绮禾
Conservative type: Be patient! Either wait for a volume breakthrough and stabilize above 880, then look for opportunities on the retest. Or wait for a drop to the strong support area at 810 before considering a phased layout. The market direction is unclear now, cash is king.
Qi He’s view: For the market tonight, I am more inclined towards this approach.
Combining the suppression of the news front and the accumulation on the technical front, I believe the probability of a direct violent surge to challenge 880 is small. The market needs to digest the negative sentiment first.
A more likely scenario is: from tonight to tomorrow, the market will test the key support area of 842-845 again. As long as it can stabilize here and form a 'cannot fall' pattern, a decent rebound will truly initiate, targeting 880!
What if 842 cannot hold? Then don’t hesitate, short-term risk increases, and we need to adjust our strategy in time.
Click on the avatar to follow Qi He, together exploring the opportunities and challenges of digital currency. Amidst market volatility, let’s discuss trends in the comments and seize key nodes. Qi He is waiting for you to share the profits.#代币化热潮 #加密市场观察 $BNB
