Do you feel uneasy about ZEC's recent rise? Right now, the SEC suddenly wants to hold a meeting to discuss "Surveillance and Privacy"—will ZEC, as a privacy coin, become a target? Today, Zhou Yi will break it down for you: will ZEC soar to 469 tonight, or crash towards 420?
Impact of news:
The SEC will hold a cryptocurrency roundtable meeting next Monday (December 15), focusing on "Financial Surveillance and Privacy." As a privacy coin, ZEC is susceptible to sentiment influenced by policy news. If the meeting releases regulatory signals, it may trigger selling pressure; if it is just a discussion, after the negative news lands, ZEC might rebound.
This meeting could become a catalyst for the privacy coin sector. Do you think ZEC can break through $500 taking advantage of this situation? Or will it be dragged down by the market for a second bottom test? Share your thoughts in the comments!
Technical analysis:
From the 1-hour chart, ZEC is overall in an upward trend. The MACD yellow and white lines are steadily rising above the zero axis, but注意——the golden cross has turned into a dead cross, and the volume is decreasing! This indicates that the upward momentum is weakening, and there is a risk of a short-term pullback. The upper pressure levels are 469 (intraday pressure) and 485 (pullback pressure), while the support below is first seen in the 449-434 range, with strong support at 420.
The Book of Changes perspective:
In the short term, expect fluctuations and corrections; the medium-term trend remains upward. Today, it is very likely to test 469 after a rise, but it is difficult to break through 485. If it cannot stabilize above 469, it will fall back to test the range of 449-434. It is highly recommended to reduce positions or go short in the 469-485 range, with a stop-loss set above 485, targeting 449. If it drops near 434, you can cautiously take a rebound position, and near 420, you can lay in wait for a medium-term long position.
The Book of Changes suggests:
For those with positions: you can gradually reduce positions above 469 while keeping a core position.
For those with no positions: wait to build positions in the 434-420 range, with a stop-loss set at 410.
If you catch the rhythm of this wave, you can at least profit from two segments! But if you always chase highs and sell lows, you are likely to get hit repeatedly. Follow the Book of Changes; every night in the chat room, I will help you decode the candlestick patterns and news signals. Not just ZEC, more real-time strategies for various coins are shared only in the chat room!#美联储FOMC会议
