Binance's 7th anniversary is approaching. Will BNB usher in a wave of gains?
It is known that the 7th anniversary celebration will definitely attract a wave of popularity. For Binance's "native stock" BNB, it is undoubtedly good news. In addition, it has been a while since the last mining, and there may be a wave of mining at that time. Since it is confirmed that good things will happen, it is very important to plan in advance.
The same is true for other news. It is not that the news cannot be used as a reference, but it cannot be used as a basis for your order. The actual transaction still needs to be analyzed in combination with your own trading system.
Back to the market, from a large level, it has completely fallen below the previous consolidation range. After falling to the support of 460, it is more likely to carry out the next round of relay consolidation.
Cut to a smaller level, it can be clearly seen that it also turns to consolidation after falling to form a range box of 530-471, and do a good job of selling high and buying low. Known good news, as long as it does not fall below the range, mainly long
The upper pressure level is 560 584 620, and the 620 area is the most important. To continue to be bullish, it is necessary to break through with volume before continuing to be bullish. It can be seen that this area is the upper boundary of the previous market consolidation range, which is a very obvious long-short watershed, and it is also the 0.618 difference between the strength of the rebound in the current falling market. Multiple resonances need to be paid attention to
