BNB / Tether USD

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BNB / Tether USD forum


BNBUSDT Analysis:

This Binance Coin (BNB) against Tether (USDT) 4-hour chart integrates Smart Money Concepts (SMC), Fibonacci retracement levels, and Fair Value Gaps (FVG) to refine trade setups.

Key Market Structure & Indicators:

Fibonacci Retracement Levels:

0.382: 647.40 USDT

0.5: 642.51 USDT

0.618: 631.25 USDT

0.786: 619.99 USDT

These retracement zones highlight probable reversal points for trade entries.

Price Action & SMC:

Break of Structure (BOS) observed near 660.54 USDT, confirming trend continuation.

Change of Character (CHoCH) detected near 615.35 USDT, suggesting potential reversal.

Fair Value Gap (FVG) noted at 601.04 USDT, marking critical liquidity activity.

RSI & MACD Insights:

RSI: 77.68, indicating overbought conditions—potential retracement likely.

MACD: Momentum slowing, signaling possible consolidation.

Sell Strategy:

Entry: 660.54 USDT (Liquidity grab rejection near resistance)

TP1: 647.40 USDT (13.14 USDT gain)

TP2: 631.25 USDT (29.29 USDT gain)

SL: 670.00 USDT (9.46 USDT risk)

Buy Strategy:

Entry: 631.25 USDT (Fibonacci retracement support)

TP1: 647.40 USDT (16.15 USDT gain)

TP2: 660.54 USDT (29.29 USDT gain)

SL: 619.99 USDT (11.26 USDT risk)

BNBUSDT U.S. Democratic senators have asked the Treasury and DOJ to clarify whether Binance is linked to the Trump family, citing concerns over USD1 being used to fund Abu Dhabi’s $ 2B investment in Binance. They also questioned Binance’s continued U.S. operations and whether a pardon for CZ has been sought, requesting a response by May 21

BNBUSDT Fueled by the BNB Chain trading competition and ongoing airdrops, Binance Alpha 2.0 hit a record-breaking $386M in trading volume on May 7, with $308M on the BNB Chain network alone. Its cumulative trading volume is nearing $3B. Notably, the average transaction size on Alpha 2.0 via BNB Chain is around $1,000.

BNBUSDT Binance will suspend the deposits and withdrawals of token(s) on the Ethereum, Arbitrum, Optimism, zkSync Era, Base, Manta Network, Starknet, Polygon, Metis, Scroll, Cyber, Metal DAO, Celo and Worldcoin networks to support the Ethereum network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at 2025-05-07 10:05 (UTC).

ETHUSDT

BNBUSDT
The key is whether it can support around 583.54-595.0 and rise above 622.50.

The 622.50 point is considered a possible breakout point.

If it falls below 583.54, it is expected to determine the trend again by touching the M-Signal indicator on the 1M chart.
tradingview.com/x/w2aSkVyD/
Snapshot



BNBUSDT.P Macro/Monthly

Considering correction since Jun highs to be of rare "running flat" structure. Break-out above Apr's highs will open the door to one more bullish leg to 960-1080-1150 macro resistance zone

Alternatively, BD bellow Apr's low allows for one more quick test of 440 support

tradingview.com/x/c0Sh1oDF/
Snapshot


BNBUSDT US asset management giant VanEck submitted the S-1 document of BNB ETF to the US SEC. After approval, any part of the BNB in ​​the trust can be used to earn staking rewards, earn additional BNB or other income.

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