【BNB reached this level—I'm choosing to wait and see. What about you?】
$ 805, up 6.5%, and 11.6% over the week. Looks pretty, right?
But I took a closer look at the trading volume—it's pitifully low. That's interesting.
Yes, it’s actually up, but the volume is fake. What does that mean? It means the market hasn’t attracted any fresh incremental capital to rush in. It’s all existing money playing. People holding BNB don’t want to sell, but outsiders aren’t in a hurry to surge in either. This kind of move—call it “a rally on contracting volume” if you want to sound nice; if you’re blunt, it’s “self-entertainment.”
814.5 is the recent hurdle. Only after it breaks can the upside space open up. If it can’t break through, then it’ll have to come back and grind. Support at 741 is key—if that level breaks, this short-term move is basically ruined.
Some will say the FNG is already 70—market sentiment is greedy. Shouldn’t we follow and rush in?
Back in 2017, the time I got cut badly was exactly when “sentiment was in place.” I rushed in at that point. What happened? Sentiment was “in place,” but the money wasn’t.
Now the situation is: BNB has retraced 41% from its high. It really has reached the value zone where long-term capital starts to pay attention. These institutions at Bitmine are still buying ETH—this suggests that big money hasn’t left. But buying ETH doesn’t mean they’ll immediately pump BNB. Those are two different things.
In plain terms: whether this move can really get going doesn’t depend solely on BNB itself—it depends on whether BTC can hold steady and whether overall market sentiment can keep going. Right now, BNB is a follower, not a leader.
My take? Don’t chase on the short-term. Wait to see if 814.5 can be surpassed. Once the signal is clear, we’ll talk.
Are you feeling itchy to jump in? Of course you are. But the wounds from 2021 aren’t fully healed yet—so my hands will be steadier than my mouth.
What’s your mindset right now? Are you willing to follow this move?
$ 805, up 6.5%, and 11.6% over the week. Looks pretty, right?
But I took a closer look at the trading volume—it's pitifully low. That's interesting.
Yes, it’s actually up, but the volume is fake. What does that mean? It means the market hasn’t attracted any fresh incremental capital to rush in. It’s all existing money playing. People holding BNB don’t want to sell, but outsiders aren’t in a hurry to surge in either. This kind of move—call it “a rally on contracting volume” if you want to sound nice; if you’re blunt, it’s “self-entertainment.”
814.5 is the recent hurdle. Only after it breaks can the upside space open up. If it can’t break through, then it’ll have to come back and grind. Support at 741 is key—if that level breaks, this short-term move is basically ruined.
Some will say the FNG is already 70—market sentiment is greedy. Shouldn’t we follow and rush in?
Back in 2017, the time I got cut badly was exactly when “sentiment was in place.” I rushed in at that point. What happened? Sentiment was “in place,” but the money wasn’t.
Now the situation is: BNB has retraced 41% from its high. It really has reached the value zone where long-term capital starts to pay attention. These institutions at Bitmine are still buying ETH—this suggests that big money hasn’t left. But buying ETH doesn’t mean they’ll immediately pump BNB. Those are two different things.
In plain terms: whether this move can really get going doesn’t depend solely on BNB itself—it depends on whether BTC can hold steady and whether overall market sentiment can keep going. Right now, BNB is a follower, not a leader.
My take? Don’t chase on the short-term. Wait to see if 814.5 can be surpassed. Once the signal is clear, we’ll talk.
Are you feeling itchy to jump in? Of course you are. But the wounds from 2021 aren’t fully healed yet—so my hands will be steadier than my mouth.
What’s your mindset right now? Are you willing to follow this move?