#美联储降息 The cryptocurrency market has become increasingly complex and elusive due to the key factor of the Federal Reserve's rate cut.
The Federal Reserve cut rates by 25 basis points, and the market initially saw this as great news, causing Bitcoin and other cryptocurrencies to surge. But who could have anticipated that the 'sell the news' phenomenon would follow, leading to a sharp decline in Bitcoin's price, with over 110000 people liquidated across the network. This is enough to illustrate that the cryptocurrency market is extremely risky, with too much uncertainty. Investors should not rush in to buy just because they hear good news; even slight changes in market sentiment and capital flow can completely reverse the situation.
Let's take another look at the performance of various sectors. The mainstream cryptocurrencies BTC and ETH rose and then fell, which completely aligns with the overall market volatility. However, the privacy coin sector has performed remarkably well, rising against the trend. Established privacy coins like Zcash have stood out, indicating that demand for financial privacy is continuously increasing amidst tightening global regulations. But when investors pay attention to privacy coins, they must also consider that future regulatory policies may change, which could significantly impact them.
The Web3 gaming sector is currently facing quite a bit of trouble, with the closure of ChronoForge studio being one example. The market value of tokens in this sector has been declining, and venture capital interest has waned, leading to a fragile industry ecosystem. Many projects are relying on speculation to attract users, lacking sustainable gameplay. Investors need to be cautious in this space and avoid blindly investing in projects without actual technology and ecosystem support.
In the current market environment, the ZEC/USDT situation is somewhat complex, but overall, there is still potential for an upward movement.
From a broader perspective, the Federal Reserve has begun its interest rate cut cycle, and there are expectations that liquidity in the cryptocurrency market will improve. Although the market has experienced a 'sell the news' situation in the short term, in the long run, lower capital costs will lead some funds to seek high-potential assets, benefiting the cryptocurrency market as a whole. ZEC, as the leader in the privacy coin sector, has the opportunity to absorb this liquidity that spills over from a macro perspective.
From a fundamental perspective, Zcash's technical advantages are quite evident. Its zero-knowledge proof technology provides strong privacy protection, along with the feature of 'selective privacy.' In an increasingly complex global financial regulatory environment, it meets the privacy needs of individuals and institutions. The market is increasingly recognizing its claims of 'compliant privacy,' providing support for a reassessment of its value.
From a technical analysis standpoint, ZEC is currently in a strong consolidation phase following a major upward trend. The moving average system is in a bullish arrangement, and the Bollinger Bands are opening upwards, indicating a strong upward trend. However, the short-term MACD indicator shows that the upward momentum is somewhat weak, and prices are retreating to test support levels. But during the pullback, the trading volume has shrunk, indicating that the selling pressure is not significant. In terms of key price levels, support and resistance levels have been clearly defined.
The more the market fluctuates, the more opportunities it hides. Stay patient and don't be swayed by emotions. At 8 PM tonight, I will share specific entry points and strategies in the chat room. If you're unsure about the timing for exiting, feel free to reach out to me—we can turn volatility into your opportunity together.
