Yesterday, #zec saw a counter-trend rebound despite BTC weakening, with the price pulled back to around 450 and refreshing the short-term high to 470, while also attracting a large amount of short-term short funds into the market, causing the market funding rate to turn negative. The ability to pull back to around 450 yesterday indicates that ZEC's short-term rebound momentum has not diminished, and the weekly rebound trend continues. If a large bullish candle is formed this week, it is expected that next week will continue to target the second goal near 500, completing the entire weekly level rebound target.
$BTC The weekly rebound has entered the third week and is nearing its end. It is expected that next week will reach the range of 95000-97000 before ending this round of rebound, with a high probability of reversing during the fourth week around Christmas. Judging by the current market environment, the probability of BTC reversing is low, and it will be difficult to continuously break through the significant barrier of 100,000 with volume. This round of rise is still a rebound nature of a downward continuation, and patience is advised while waiting for orders in the 95000-97000 range.
In terms of operations, ZEC reached a high price of 470 last night, with a cumulative transaction of 11,000 U in orders between 450-470, and orders in the 470-500 range are still waiting to be executed. During this time, the average opening price for adding positions at highs has been declining along with the liquidation price, dropping from 630 to around 560, and the liquidation price has also fallen from 1000 to over 800. This rolling warehouse operation is overall controllable and is proceeding as planned to complete the rolling warehouse and increase shorts in the 400-500 range during the weekly rebound, keeping the liquidation price above 800. If extreme market conditions arise and ZEC breaks through 500 upwards, rolling warehouse operations will be suspended and margin requirements will be increased. The current phase still focuses on laying out for next year's bear market, with BTC, ETH, and ZEC all in a downward continuation stage. After the weekly rebound ends, a new round of main decline is expected to start, and the scale of rolling warehouse funds is strictly controlled, maintaining light positions to guard against the low probability risk of reversal.