Good evening, friends. I am Qihe. I just saw a shocking piece of news: Morgan Stanley is preparing to bring institutional players into the crypto game! This is a long-term positive development. But don't rush in; take another look at your ZEC. Don't you feel something is off? Why is the market still falling? Today, Qihe will clarify this for you.

News: Can distant water quench immediate thirst?


Morgan Stanley's news is indeed a milestone, indicating that mainstream finance is opening its arms to embrace crypto. But Qihe asks you: can this water flow into the 'small pond' of ZEC soon? When institutional funds enter, the first choice will definitely be mainstream coins like Bitcoin and Ethereum. For specific coins like ZEC, there may be a short-term boost in sentiment, but will there be direct and large buying support tonight? I'm raising a big question mark. Don't let the 'good news' cloud your judgment; the market often turns 'good news' into bad news.


Technical perspective: A critical decision standing at the edge of a cliff.


First, let's take a look at ZEC's 4-hour chart; there are a few key numbers I must highlight:
Current price: 415.20, neither more nor less, exactly on the marked 'key level 415.20' on the chart!
Upper pressure: 450, followed by 490, like two mountains.
Lower support: 400 is the first psychological barrier, and 350 is stronger support.
This position is too delicate; one step up is heaven, and one step down may be a slide. More importantly, the MACD's yellow and white lines have dropped below the 0 axis, forming a 'death cross,' which, in the eyes of technical analysts, is a clear signal that 'bearish forces are dominant,' indicating that the momentum for decline is still present.

What should current players do? Listen to Qi He:
For those heavily invested: Now is not the time to be stubborn. While the price is still around 415, be sure to consider reducing your position to lower your cost, or take some out first to protect your capital.
For those with light positions or empty positions looking to catch the bottom: Hold on! Don’t rush to catch falling knives. The real opportunity is to wait for it to drop thoroughly and stabilize. Pay attention to two positions: whether a clear rebound candlestick appears near 400; and the stronger area of 350. Don’t reach out until the position is right, and even when it is, enter in batches and tentatively.


Qi He's personal opinion:
Considering the 'clear bearish signals from the technical perspective' and 'the difficulty of solving urgent news with distant water,' my view is quite straightforward:
Tonight, I am more inclined to think that the market will once again test the key level of 400 below, or even touch the strong support at 350. The difficulty of directly reversing and rushing up to the resistance at 450 is very high.


I am Qi He, an analyst who likes to speak frankly. If you don’t want to be confused in the midst of wild fluctuations and want to understand the truth behind the news and the language of technical charts, feel free to follow me. Tonight's ZEC, let’s keep an eye on it together. I will share more critical follow-up analysis and response strategies with my friends who follow me at the first opportunity. On the road of trading coins, clarity is more important than blind bravery.Chat Room