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#BNB突破历史新高 Recently observed that the trend of a certain platform token is quite interesting—each high point is lower than the last, a typical stair-step decline. The price is firmly pressed below the middle band of the Bollinger Bands, rebound? There’s basically no strength left.
More importantly, the capital situation: today another 31.49 million USD flowed out. The sell-off continues to release, and the buyers are clearly not active enough, giving the bears absolute initiative.
From a technical perspective, if the price is around 880-885, it may be considered to short in the direction of the trend, with risk control set above 890. The lower targets to observe are 865 and 850. In the current weak pattern, following the bearish rhythm may be more prudent.
$BTC $ZEC
The crazy capital outflow is the real killer move; no one dares to catch a falling knife this time.
Let's short at 880 and see what happens; if it hits 890, we'll get liquidated.
The shorts are indeed a bit ruthless this time, I really don’t believe we won’t see 865.
Every rebound lacks momentum, with such poor funding conditions, it's really hard to be optimistic.
I've noted the 880-885 level, waiting for an opportunity to try.