ZEC market sentiment is skyrocketing, with prices stuck at the critical level of 407, a showdown between bulls and bears is imminent!

According to on-chain monitoring, the top short seller on the Hyperliquid platform has been aggressively shorting ZEC since December 5, pouring in over 11 million US dollars, with the average cost dropping from 412 to 387. As a result, the losses have only increased; in just the past 15 hours, there has been an unrealized loss of 1.4 million! Even more dramatically, he shorted at 184 dollars in October and lost 21 million, only to break even at the beginning of December with a profit of 3 million, and now he has given it all back, with the current liquidation price soaring to 886 dollars. This wave of operations may indicate that the selling pressure at the current price level is nearly exhausted. Once the shorts can't hold on and face liquidation or cut their positions, ZEC is likely to experience a significant surge!

From the 1-hour chart, the key price levels are very clear. The upper resistance level is initially at 420.5; if broken, it could push towards 450. The bull-bear dividing line is at 408.76; if it holds, the short-term trend will stabilize. The lower support level is initially at 380.5, then at 350. In terms of indicators, the Bollinger Bands middle line is at 400.7, with the price slightly above the middle line; MACD bars alternate between red and green, with bulls and bears still in contention.

In simple terms, technically ZEC is showing a slight bullish bias, but it needs to break through 408.76 dollars to confirm strength.

My view is not to be overly cautious in the short term, but to look bullish directly. The key technical support is stable, and the pattern is intact; on the news front, the major short seller is deeply trapped. Liquidation or forced closures would trigger short covering, pushing prices up. The market often moves in the opposite direction when shorts are in pain.

There are always opportunities in the market; calm execution is key. Da Mao will continue to keep everyone updated on on-chain dynamics. If you want to make money together, follow me, 聊天室 will announce the specific entry times and strategies in real-time every day! #美联储重启降息步伐 #代币化热潮 #美SEC和CFTC加密监管合作