$BNB is accumulating in the upper channel with an extremely wide price range? Should we buy BNB at this time!
Currently, as we can see, BTC and BNB seem to move in sync with each other recently; however, when looking at the broader chart, we can clearly see that BNB fluctuates with an extremely wide price range while BTC fluctuates with a narrower price range?? So should we choose to hold an asset with a narrow price range or a wide price range when in the upper channel?
Looking at the accumulation process of BNB, we see the trading volume is extremely high with a wide price range, which indicates a significant amount of trading activity during this period, leading to substantial price fluctuations. In contrast, retail traders cannot create such large fluctuations. And since this is a sideways process at the top, it could represent either distribution or accumulation; we are not clear yet. However, in the current uptrend market, the likelihood of accumulation for further upward movement is higher.
However, to choose between BTC and BNB, I would like to choose BTC because its trading behavior is clearer with less significant price fluctuations, showing a clearer supply-demand relationship.
If you like to take risks, you can choose BNB, which may achieve high profits. But if you want to hold with certainty, you should choose BTC!
