Brothers, this is incredible, bnb has hit a new high! Three days ago, it was still priced at over 500, but today it broke 700, reaching a high of 718.97, an increase of nearly 20% in just a few days.
The surge in bnb's price reassured many investors who were previously worried about the platform's future development due to the cz incident. With this wave of price increases, bnb successfully pulled sol out of the third place ranking, and BN's market value also successfully exceeded 100 billion US dollars.
Today, a fan joked online: Satoshi Nakamoto disappeared and made Pancake successful, Afro went in and made Sol successful, and now CZ has gone in and made BnB successful. It seems that behind every miracle there is a man who silently sacrifices himself.
Entering June, market sentiment seemed to be suddenly ignited. First, Bitcoin broke through 70,000, and then BNB also broke a new high. Currently, Bitcoin is only 5% away from its historical high of 73,777.
Looking back at the past three months of volatility and adjustment, Bitcoin has risen, Bitcoin has risen, and Bitcoin has also risen. Now BNB has also started to gain momentum. According to this trend, the second half of the bull market has really begun.
BNB has risen so sharply, and many brothers are still confused and don’t understand the reason for its rise. Here, Tangren will talk to you about it.
First of all, from the perspective of value, everyone knows that the value of Bitcoin lies in its anti-inflation, the value of Bitcoin is to extend the infrastructure of the crypto world, the value of U is to provide stable circulation in the crypto world, and the value of BNB is to represent the platform token.
As the largest exchange in the universe, bnb has always been the only platform token of the BN platform. Unlike other platforms, once they see that their own tokens are not doing well, they start issuing the second or even third token.
Secondly, the destruction mechanism of bnb is very powerful. The platform completely ties its own development to bnb. Every quarter, the platform will use 20% of its profits to destroy bnb to eliminate bubbles, which ensures that the value of bnb will not depreciate with the development of the market.
Finally, and most importantly, the platform binds the BN chain to the native token using bnb as fuel. This means that every project on the chain requires the participation of bnb, which greatly increases the demand for bnb and its practical applications.
The above points are where BN is stronger than others, which is why the price of bnb has been rising steadily. In addition to paying attention to the big cake ecology and the Yitai ecology, the ecology of bn is also worthy of everyone's attention.
Tangren has always believed that bnb is a high-quality target worthy of long-term holding. Its price will break new highs step by step with the development of the platform. Long-term fixed investment with idle funds is a very good strategy. Tangren has been investing in it at a cost of around 300. I predict that there will be no problem for bnb to reach 1,000 after this bull market.
The small non-farm ADP data will be released at 8:30 tonight, showing "weak" performance, with employment lower than expected. The deterioration of the big economy further confirmed the Fed's schedule for a rate cut in September. The news is good, so the market saw a wave of pull-ups in the evening.
The next focus is on the big non-farm data on Friday night. Previous articles have talked about the importance of the big non-farm data to the market. At present, the upward trend of the market is gradually forming. Whether it will soar to the sky or fall into the bottom of volatility again, we will wait and see.
Finally, in a bull market, what to buy and how to buy are very important. However, when to sell is more important. If you want to understand more about the interpretation and decision-making of the news, please follow me and leave a message below the article. Tangren will play the crypto circle with you.
Tangren's interpretation of the market:
Big Pie: In the early trading, it basically fluctuated around the position of 71000. The four-hour line has a faint downward trend. At present, the big pie will step back to the position of 70000. In the evening, we will see the defense of 70000. If it breaks, it will continue to fluctuate around 69000. The upper pressure level is 72000 and the support level is 70000.
Auntie: Ethereum's trend is weak during the day, basically fluctuating within the range predicted in our morning report. The four-hour line is still in a volatile trend. Continue to pay attention to the position of 3800. If it cannot effectively stand above 3800, the market will continue to wash in the range of 3700-3800. The upper pressure level is 3880 and the support level is 3700.
In terms of altcoins: the Bitcoin ecosystem led the rise in the altcoin sector, and the platform coin BNB broke through the historical high. The platform coin sector can be laid out as a long-term plan. In the MEME sector, SLERF, which we ambushed in the early stage, has risen by nearly 50% in the past two days and continues to double. In the short term, we will pay attention to the MEME and SOL ecosystems as well as the Ethereum ecosystem (L2 LSD Restaking).
Tangren talks about strategy:
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies need to be followed up and adjusted in a timely manner. Therefore, you can leave a message below the article to communicate.
Internal strategy: AC increased by more than 20%, continuing to reach the target of 10, SLERF increased by nearly 50% in two days, continuing to double.
Strategy 1: Ambush W on May 18, entry price 0.56, current price 0.641, increase of 25%, continue to observe, hold tight, target 0.8.
Strategy 2: On May 20, ambush WLD, entry price 4.8, current price 4.89, continue to hold patiently, short-term target 8.5, long-term target 21.3.
Strategy Three: (New) On June 4, ambush STRK, entry price 1.22, current price 1.399, up 14%, continue to hold, short-term target 1.54, long-term target 2.3.
Tangren will announce other strategies at any time. Due to the time limit of the article, everyone needs to take the initiative to obtain the daily real-time strategy. If you are interested, follow Tangren and leave your ideas in the comment area. Let’s play and make money in the crypto circle together.
The essence of Tangren's trading strategy: the first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
