分析师舒琴
--
The sky has fallen in the crypto world! Why did BTC fall, and will it continue to fall? What about ZEC? Let's discuss the current operations.
First, let's talk about the reasons for the decline, there are 2. The first is the flash crash in the Asian stock market, with Japan's Nikkei 225 plummeting by 2%, due to the Bank of Japan hinting at interest rate hikes, which greatly dampened the Federal Reserve's enthusiasm for cutting rates. This is the first reason.
The second reason, as shown in the picture, is that the Federal Reserve paused its balance sheet reduction today, and the short-term positive effects have been fully realized. Shuqin mentioned this yesterday, and I felt that it would decline today, and it really did drop significantly, even more than I expected, mainly due to the unexpected news from the Bank of Japan. Otherwise, in a normal correction, Bitcoin would have corrected to around 89,000.
Currently, I'm not that panicked because Bitcoin has support around 85,500, and Ethereum has decent support around 2,800. Those who are bold can try to make a short-term rebound; even if the downward trend cannot be reversed, the probability of a rebound of over 2,000 points is still quite good, so it's worth trying. The final short position can wait until a few days before the interest rate cut, positioning for a long-term short at a high point.
As for ZEC, it's been hit hard, with Shuqin outputting for several weeks, and now it's completely collapsed. Shuqin's short-term target for it is to drop to around 330, which seems very close now. There's no need to chase the short; consider shorting only after a significant rebound since this coin isn't worth this price. Especially now that it's still a bear market; it rose from 50, and it's reasonable for it to drop back. However, retail investors who bought it are still reluctant to accept this, and it will take time for them to realize the true price of this coin. As long as you have shorted this coin, you are making money. Congratulations to everyone~
First, let's talk about the reasons for the decline, there are 2. The first is the flash crash in the Asian stock market, with Japan's Nikkei 225 plummeting by 2%, due to the Bank of Japan hinting at interest rate hikes, which greatly dampened the Federal Reserve's enthusiasm for cutting rates. This is the first reason.
The second reason, as shown in the picture, is that the Federal Reserve paused its balance sheet reduction today, and the short-term positive effects have been fully realized. Shuqin mentioned this yesterday, and I felt that it would decline today, and it really did drop significantly, even more than I expected, mainly due to the unexpected news from the Bank of Japan. Otherwise, in a normal correction, Bitcoin would have corrected to around 89,000.
Currently, I'm not that panicked because Bitcoin has support around 85,500, and Ethereum has decent support around 2,800. Those who are bold can try to make a short-term rebound; even if the downward trend cannot be reversed, the probability of a rebound of over 2,000 points is still quite good, so it's worth trying. The final short position can wait until a few days before the interest rate cut, positioning for a long-term short at a high point.
As for ZEC, it's been hit hard, with Shuqin outputting for several weeks, and now it's completely collapsed. Shuqin's short-term target for it is to drop to around 330, which seems very close now. There's no need to chase the short; consider shorting only after a significant rebound since this coin isn't worth this price. Especially now that it's still a bear market; it rose from 50, and it's reasonable for it to drop back. However, retail investors who bought it are still reluctant to accept this, and it will take time for them to realize the true price of this coin. As long as you have shorted this coin, you are making money. Congratulations to everyone~
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
Explore More From Creator
--
--
