CZBINANCE is leaving! Will BNB coin rise again?
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The week certainly turns out to be powerful for events, and the market reacts accordingly...
Let's start from the beginning: technical analysis on the BNB chart shows a double test of the global countertrend line, and so far everything is unsuccessful, there is no breakout! But we received a noticeable pullback, where I decided to average my long position. Of course, the news background played a big role in this volatility. I think without him we would have dropped to $300 a long time ago, but now we’ll have to wait a little).
CZ IS LEAVING BINANCE, IS IT BENEFITABLE FOR HIM?
Yesterday's announcement about the resignation of the CEO of Binance, of course, came as a surprise, and the market began to react in both directions, “destroying” everyone in a row - this is already a classic: if you hear news about CZ and BINANCE, then expect that they will start shaving everyone
According to some analysts, if Binance settles the issue with the Ministry of Justice and pays the imposed fine of $4 billion, then the greatest pressure will be removed from the cryptocurrency market, and the start of the next bull market will not be long in coming. It turns out that all this time CZ was a brake on the bull? Or they are simply accelerating fomo, and the latest growth was the peak this year. What do you think?
And a few of my thoughts on everything that is happening) Yes, perhaps the authorities have put a lot of pressure on CZ, and he has to take the most extreme measures (leaving the exchange, paying a large fine, etc.). But I will never believe that CZ would just give up. I think he always makes decisions in his favor, and his departure is simply to remove unnecessary attention from his brainchild and himself. CZ won’t just leave it like that, he will still punish his offenders. Remember what he did with FTX - they were his direct competitors, and SAM had a strong team behind him, and most importantly, SAM had connections in power. And where is FTX now, and where is SAM?
What I mean is that the more negativity that surrounds BNB now, the stronger the bullish blow will be. At the moment more time is needed.
The week certainly turns out to be powerful for events, and the market reacts accordingly...
Let's start from the beginning: technical analysis on the BNB chart shows a double test of the global countertrend line, and so far everything is unsuccessful, there is no breakout! But we received a noticeable pullback, where I decided to average my long position. Of course, the news background played a big role in this volatility. I think without him we would have dropped to $300 a long time ago, but now we’ll have to wait a little).
CZ IS LEAVING BINANCE, IS IT BENEFITABLE FOR HIM?
Yesterday's announcement about the resignation of the CEO of Binance, of course, came as a surprise, and the market began to react in both directions, “destroying” everyone in a row - this is already a classic: if you hear news about CZ and BINANCE, then expect that they will start shaving everyone
According to some analysts, if Binance settles the issue with the Ministry of Justice and pays the imposed fine of $4 billion, then the greatest pressure will be removed from the cryptocurrency market, and the start of the next bull market will not be long in coming. It turns out that all this time CZ was a brake on the bull? Or they are simply accelerating fomo, and the latest growth was the peak this year. What do you think?
And a few of my thoughts on everything that is happening) Yes, perhaps the authorities have put a lot of pressure on CZ, and he has to take the most extreme measures (leaving the exchange, paying a large fine, etc.). But I will never believe that CZ would just give up. I think he always makes decisions in his favor, and his departure is simply to remove unnecessary attention from his brainchild and himself. CZ won’t just leave it like that, he will still punish his offenders. Remember what he did with FTX - they were his direct competitors, and SAM had a strong team behind him, and most importantly, SAM had connections in power. And where is FTX now, and where is SAM?
What I mean is that the more negativity that surrounds BNB now, the stronger the bullish blow will be. At the moment more time is needed.
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