The price movement of ZEC has been quite interesting these past few days. The 470 level has been tested multiple times, and each time it goes up, it gets knocked back down. It seems that this has become a ceiling.
The rising momentum is clearly diminishing, and there isn't particularly strong buying support. Before effectively stabilizing at this position, it will be difficult for the bulls to mount a strong counterattack. Therefore, in the short term, it is more likely to rise and then fall back, entering a consolidation phase.
Based on this judgment, I tend to view the recent market trends with a bearish perspective.
Operation suggestion: A rebound to the range of 460-475 can be considered for placing short positions, with the initial target looking at around 430-425.
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MoodFollowsPrice
· 8h ago
The position at 470 is really a bit hard, repeatedly hitting the ceiling without breaking through, it's just uncomfortable to watch.
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AlwaysMissingTops
· 8h ago
470 has been smashed again, it really is the ceiling, short positions are holding firm here.
The price movement of ZEC has been quite interesting these past few days. The 470 level has been tested multiple times, and each time it goes up, it gets knocked back down. It seems that this has become a ceiling.
The rising momentum is clearly diminishing, and there isn't particularly strong buying support. Before effectively stabilizing at this position, it will be difficult for the bulls to mount a strong counterattack. Therefore, in the short term, it is more likely to rise and then fall back, entering a consolidation phase.
Based on this judgment, I tend to view the recent market trends with a bearish perspective.
Operation suggestion: A rebound to the range of 460-475 can be considered for placing short positions, with the initial target looking at around 430-425.
#BTC资金流动性 $BTC $ZEC