Current price is 860.65, up 0.74% in the last four hours. Although there was a net outflow of 13.67 million, the price is steadily holding at the mid-range - indicating that there are buyers stepping in below.
Open interest is 455 million, trading volume is 666 million, and liquidity is fully sufficient. Now it's just a matter of waiting for a directional choice.
My opinion: As long as it doesn't break 860 on the pullback, the bulls could pull off a wave at any time.
In terms of operation, consider placing long positions in the range of 850-860, and look at the space around 875-885. Of course, the trends of $BNB and $BTC also need to be monitored synchronously; if Bitcoin doesn't move, altcoins will find it hard to have an independent market.
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GateUser-e51e87c7
· 11-27 23:14
860 is a critical level that is being held firmly, and someone is quietly catching a falling knife at the bottom.
If BTC doesn't move, there really is no hope; we all have to look at the big brother's expression.
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PhantomMiner
· 11-27 20:06
At this level of 860, we still have to look at BTC's reaction; otherwise, any further analysis would be useless.
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BearMarketSurvivor
· 11-27 19:30
The position at 860 is really stuck tight, and it feels very obvious that someone is catching a falling knife below.
It's indeed uninteresting if BTC doesn't move; it feels like we're just waiting for the wind direction.
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SignatureLiquidator
· 11-25 07:30
If 860 doesn't break, should we go long? In my opinion, we still need to watch Bitcoin's movement; that's just how it is with altcoins.
For this BNB move, it depends on whether Bitcoin cooperates. Otherwise, no matter how stable it looks, it won't matter.
The buyers are guarding below, which means there's still hope. Now it's just a question of whether it can break through 875.
With this much liquidity, 850 below should be able to hold. Try to position according to this logic.
Whenever Bitcoin moves, everything else has to tremble along with it. That's just reality.
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TokenomicsTrapper
· 11-25 07:27
lmao "someone's buying the dip" classic copium narrative when you're just watching whales accumulate before the dump. that 860 support is textbook greater fool theory honestly... call me when vesting unlocks hit and we see the *real* price action ngl
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MrDecoder
· 11-25 07:26
860 not breaking is a long position matter, now it's just waiting for a breakthrough.
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AirdropHuntress
· 11-25 07:18
860 has held on for so long, and there are indeed dumb buyers below. Data shows that large investors are building a bottom, but what I'm more concerned about is which Wallet addresses the 13.67 million net outflow came from. Don't be deceived by the apparent stability.
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NeonCollector
· 11-25 07:01
There are indeed people stabilizing the market at this position of 860, but I'm more concerned about when BTC will move.
As long as it doesn't break 860, just wait for a pump, but the premise is that Bitcoin doesn't get dumped.
Liquidity is enough for a hammer, just afraid it suddenly gets dumped at night.
#美SEC促进加密创新监管体系 Today focusing on the position 860
Current price is 860.65, up 0.74% in the last four hours. Although there was a net outflow of 13.67 million, the price is steadily holding at the mid-range - indicating that there are buyers stepping in below.
Open interest is 455 million, trading volume is 666 million, and liquidity is fully sufficient. Now it's just a matter of waiting for a directional choice.
My opinion: As long as it doesn't break 860 on the pullback, the bulls could pull off a wave at any time.
In terms of operation, consider placing long positions in the range of 850-860, and look at the space around 875-885. Of course, the trends of $BNB and $BTC also need to be monitored synchronously; if Bitcoin doesn't move, altcoins will find it hard to have an independent market.
Risk self-control, for reference only.