That early-month bounce in BNB turned out to be all for nothing. It jumped from 720u to 780u in one push—only a few days ago—and now it’s back to 718u.
A few days ago in the group, some brothers were still shouting 800, but nobody mentions it anymore.
What’s worst these days is the top. The day it surged to 740u, it got smashed right back down. After that, each rebound is lower than the last—just look at the chart, and you’ll understand.
As for the 714u area below, that level has been picked up a few times and it’s holding up fairly firm.
But the highs keep pressing downward. If the price can only stubbornly hold this one support line, this kind of movement is something I’ve seen many times—it’s highly likely to break down.
If 714u breaks, first look at the recent lows around 705u from the past few days. Then it would be 700u—this is exactly where the dog-like institutions love to insert needle moves at whole-number levels.
On the other hand, if it can manage to get back and stand above 730u, then the bearish thesis for this move is invalid.
Today Bitcoin has also fallen to 77k. For BNB to try to move strong on its own—it’s hard.
Brothers, don’t rush to reach in and try to bottom-fish at 714u. Wait until it breaks before making a move. #BNB $BNB
A few days ago in the group, some brothers were still shouting 800, but nobody mentions it anymore.
What’s worst these days is the top. The day it surged to 740u, it got smashed right back down. After that, each rebound is lower than the last—just look at the chart, and you’ll understand.
As for the 714u area below, that level has been picked up a few times and it’s holding up fairly firm.
But the highs keep pressing downward. If the price can only stubbornly hold this one support line, this kind of movement is something I’ve seen many times—it’s highly likely to break down.
If 714u breaks, first look at the recent lows around 705u from the past few days. Then it would be 700u—this is exactly where the dog-like institutions love to insert needle moves at whole-number levels.
On the other hand, if it can manage to get back and stand above 730u, then the bearish thesis for this move is invalid.
Today Bitcoin has also fallen to 77k. For BNB to try to move strong on its own—it’s hard.
Brothers, don’t rush to reach in and try to bottom-fish at 714u. Wait until it breaks before making a move. #BNB $BNB
