Guys, BNB is at 685 now. In the post from three days ago, I said if it couldn't hold 700, we'd just watch and see, with 687 below that and the low from the 6th.
It never got back to 700, and 687 broke on the morning of the 9th. That night, during the CPI release, it plunged to a low of 670. Those of you who didn't chase it dodged a bullet this time.
That post also said BNB could take a hit better than BTC, but I have to take that back. Over the past three days, BNB is down nearly 2%, and BTC is down 2% too—about the same.
BNB just moved back and forth between 677 and 687 that day. It briefly touched 687 at 2 a.m., but couldn't hold above it.
The old floor has become the ceiling. My view is still to wait and see; that hasn't changed. Let's see if it can get back above 687, then look at 700. If 670 breaks again, it'll be a new one-week low. #BNB $BNB
It never got back to 700, and 687 broke on the morning of the 9th. That night, during the CPI release, it plunged to a low of 670. Those of you who didn't chase it dodged a bullet this time.
That post also said BNB could take a hit better than BTC, but I have to take that back. Over the past three days, BNB is down nearly 2%, and BTC is down 2% too—about the same.
BNB just moved back and forth between 677 and 687 that day. It briefly touched 687 at 2 a.m., but couldn't hold above it.
The old floor has become the ceiling. My view is still to wait and see; that hasn't changed. Let's see if it can get back above 687, then look at 700. If 670 breaks again, it'll be a new one-week low. #BNB $BNB
