Zhao Changpeng CZ is about to be released from prison. Will $BNB rise sharply in the short term?
In addition to the interest rate cut (CZ) this month, it has been rumored recently.
However, CZ went in and came out again, Bitcoin is still fluctuating in place, and the market is still waiting for the big brother. What a joke.
CZ's active admission of punishment and bowing his head have opened the door for the long-term development of the entire crypto market. He has made personal sacrifices and compromises for a key step in the industry. This is a very big picture thing, so CZ is highly recognized by professionals in the circle.
According to the current news, CZ has no actual position in Binance after he comes out, but this does not affect the rights of its largest shareholder. He is still the core decision maker of Binance. There is no need to worry about the future development of Binance at present.
After CZ comes out, will it lead to a bull market in $BNB and a sharp rise in the market?
Judging from the last week's market, BNB is now in a bull market. This callback experienced a decline on August 5 and closed with a cross line with a long lower shadow, indicating that there is an important support level below.
This week on August 26, the shorts fell in volume and did not break the previous low. It was just an inertial icon decline. At present, there are signs that the bulls have begun to exert their strength.
If the closing of this week forms a cross morning star pattern, it indicates that a new round of BNB market is about to begin.
As one of the industry's old mainstream coins, BNB has achieved a hundred-fold increase in the last bull market. In this round of bull market, according to the development of Binance, it is still worth looking forward to.
