ETH big plunge hits! How much longer will it fall after interest rate cuts? ZEC/BCH short positions are making a killing!

Friends, who understands this! ETH dropped directly from 3450 to 3170, a nearly 10% drop in a single day, and as soon as the interest rate cut news hit, it instantly turned into a "sell the news" situation, with the market makers harvesting without mercy! This wave of decline hasn’t hit the bottom yet, so don’t rush to catch the falling knife!

In fact, the market logic for this month has long been written: a mad rush before the interest rate cut to entice buyers, and on the day of the cut, they directly turned around and smashed the market, and such a sharp drop will definitely not just last for one day! The next 1-2 weeks will be a correction period, with initial support at 3130, then down to 2940, and ultimately it’s likely to revisit the previous low around 2700, making it a sure bet for brothers holding short positions!

However, don’t blindly chase shorts in the short term! After all, it has already dropped so much, it’s highly likely to rebound to around 3250, and at that time it would be more cost-effective to add to short positions. Honestly, friends who went all in on shorts at the 3400 resistance level are already profiting now; just watch the few support levels mentioned above for taking profits and don’t be greedy!

Moreover, the two "dark horses" are even harsher! We have repeatedly pointed out to short ZEC at the 450 resistance level, and it was directly shorted; BCH also hit the short-term target of 550 precisely, returning fully loaded with shorts! Brothers who went all in on shorts last night can now take some profits to reload, and by the way, wait for a rebound to do some short-term trading, keeping the remaining positions for the long term, as there is still a lot of room for further corrections, this wave of victory will seal the deal!

Friends, have you entered your ETH short positions? Will the rebound at 3250 arrive as expected? Can we still chase shorts on ZEC and BCH? If you think it can drop to 2700, press 1; if you think it will rebound, press 2. Come to the comments section to discuss your operations and see who the real short position master is!