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$BSB USDT Is this trend, is the market maker shaking out or preparing for the second wave? 🔥
Brothers, this coin totally blew my mind today!
In 24 hours, it surged from 0.4519 to a high of 0.7890, an increase of over 55%, with a trading volume of 397 million coins and a transaction value of 307 million USDT. If you look at this data in perpetual contracts, it definitely has the flavor of a big player controlling the market.
First, let's talk about the technical aspect, don’t just get excited about the rise—
· Daily chart: BOLL upper band at 0.9090, middle band only at 0.5583, price at 0.7720 directly near the upper band, SAR still above 1.1741 pressing down, indicating that the larger cycle is still in a bearish structure. MACD DIF at 0.0856, DEA at 0.0933, the fast line below the slow line, histogram negative, a classic “rebound not reversal.”
· Looking at the short-term: on the 1-hour chart, RSI dropped from 87.67 down to 46.53, violently correcting the overbought condition. After a death cross on MACD at a high level, the green bars have turned red and then green again, indicating bullish momentum is weakening, and funds are oscillating back and forth.
· Key detail: latest price at 0.7720, but marked at 0.7714, SAR at 0.7806, BOLL upper band at 0.7819— the 0.78-0.79 zone is a short-term high-pressure area. Support below first looks at 0.74, a break below could target 0.69.
My intuition (not investment advice):
This doesn’t look like distribution, more like high-level turnover + shaking out floating positions. The market maker is waiting for the chasing longs to finish, the shorts to enter, then will decide the direction. If the price can stay above 0.75 in the next 12 hours, there’s a possibility of pushing again to 0.80 or even new highs; if it falls below 0.74, be cautious of a dip to around 0.68.
Explosive interaction zone:
Do you have BSB? Continue the pattern, or run away overnight?
Comment “pattern” or “run away” and let me see how many people are kept awake by this market maker! 👇