Today's market is a bit interesting! ZEC is now stuck around 407 USD, whether it goes up or down depends on the next tremor. I will clarify for everyone based on the technical analysis I just saw and a piece of explosive news.
Looking at the explosive news: the 'Air Force Commander' is about to catch fire himself!
This is the most explosive news today! On-chain monitoring makes it clear: that biggest short on Hyperliquid for ZEC, he has lost badly again and again!
In the past 15 hours, ZEC has risen, and he directly faces a floating loss of 1.4 million USD! This person is quite a character, since December 5th, he has been relentless, continuously adding to his short position, totaling over 11 million USD, bringing his average cost down from 412 USD to 387 USD. So what happened? As the price rose, the more he added, the worse he lost, and now the liquidation price is at 886 USD.
Interestingly, he started shorting at 184 USD in October, losing 21 million at one point. By early December, he managed to break even and even made 3 million, but after a series of operations, he has gone back! What does this indicate? It indicates that the selling pressure at this position may have been significantly consumed by this 'big head' and similar shorts. He is like a huge 'ballast stone'; if he can't hold on and gets liquidated or cuts his position, it may actually provide fuel for ZEC to surge upwards!
First, let's look at the technical side: the key positions are right in front of us.
From the 1-hour chart, it looks like playing a game with clear key points marked:
Upper pressure: The first level is 420.5 USD, if we get past it, the next level is 450 USD. The dividing line between bulls and bears: the most critical point right now is 408.76 USD, just a little bit above the current price. If we get above it, the short-term momentum will become strong. Lower support: the first line of defense is 380.5 USD, the second line is 350 USD.
On the indicators, the middle band of Bollinger Bands is at 400.7 USD, and the price is above the middle band, which is a small advantage. The MACD is a bit tangled, with alternating red and green bars, indicating that both bulls and bears are wrestling with each other, and the winner has not yet been decided.
In simple terms: the technical aspect is oscillating slightly bullish, but it needs to break past the barrier of 408.76 to confirm strength.
Bai Yue's opinion
My view is: don’t be too timid in the short term, lean towards bullish.
The technical side is on critical support, and the pattern hasn't broken down. On the news side, this 'giant' short has been deeply trapped; if he closes his position or gets liquidated, it will form a 'short covering', acting as a catalyst for upward movement. The market often moves in the opposite direction when most shorts are uncomfortable.
The market always has opportunities; the key is to operate calmly. Bai Yue will continue to monitor on-chain dynamics for everyone, moving steadily forward together! Follow Bai Yue and participate in every attack by the Bai Yue villagers! Bai Yue will announce specific entry times and real-time news in the village every day!
