Unveiling the Dealer's Script: $BOB The rise is to trap you at the peak

In simple terms, it aims to use new technology to connect Bitcoin and Ethereum's DeFi, allowing Bitcoin to earn interest in more places.

Recently, its popularity has been high, launching with over 2.22 million dollars in a presale on the Gate exchange, and it raised 21 million dollars, backed by major institutions like Castle Island, which sounds quite impressive.

It is said to have integrated with Fireblocks, but that's not correct. I checked, it's another project called XION that has integrated Fireblocks, not BOB. This point must be corrected, as connecting with institutions is very important for its current market confidence, and the information must be accurate.

Can we chase it now?

I clearly do not recommend chasing it. The price is currently stagnant, caught in between, which is the most awkward position. Jumping in is likely to lead to losses, and it could even result in buying at a short-term peak. Personally, I would hold back.

What price range should be considered for buying?

If it can indeed drop to the strong support zone shown in the chart at $0.013 - $0.015 and stabilize without a major drop, then it might be worth taking a small position to bet on a rebound. This is a more cautious approach.

Where is the upper pressure and when to consider selling?

The first major hurdle is at $0.018 - $0.020. If it really rises to this point, I will be very cautious. If I see it struggling to rise further and the trading volume doesn't keep up, I will choose to sell a portion first, securing some profits. If it can break through, the next target may be above $0.022.

What’s the long-term outlook?

To be honest, the story of it being a "Bitcoin DeFi bridge" indeed has imagination, along with money and technology. Long-term, there may be potential, but in the cryptocurrency space, nine out of ten storytellers fail. Therefore, it's worth paying attention to long-term developments, but for now, operations must follow short-term discipline to avoid being trapped by the narrative.

The next big order is being laid out, only bringing those who sincerely want to turn the tables onto the vehicle @ETH珠姐 .