ZEC is now like a ticking time bomb, and the one-hour candlestick has already shown its fangs! If you are still blindly bottom-fishing or lying flat pretending to be dead, this wave of the market may make you completely wake up. Don't just look at the price dropping by 5%, the real risk has just begun...

News:

Recently, large funds are obviously cautious. Although the contract trading volume is large, the position volume has not significantly increased, indicating that the main players are on the sidelines or leaving in batches. The overall sentiment in the cryptocurrency market is bearish, and privacy coins like ZEC are difficult to have a big reversal in the short term due to regulatory concerns. The long-short ratio shows that large clients are still increasing their short positions, while retail investors are instead taking over, which is not a good signal!

Technical analysis:

From the hourly chart, ZEC is overall in a fluctuating downward trend. The MACD yellow and white lines are below the 0 axis showing a 'false golden cross', coupled with the K-line moving downwards, which is a typical signal for a bull trap!

There are many resistance levels, with 418 being the first hurdle of the day, and 445 being a stronger resistance area. A rebound to these two positions is a bear ambush zone. The key support below is in the range of 388-357; if broken, it will likely plunge towards around 329.

The dividing line for bulls and bears is at 388; if it holds, there is still some breathing room; if it breaks, it marks the starting point of a waterfall decline!

Zhouyi's personal opinion:
ZEC is expected to continue its bearish trend today, likely testing the support at 357 first. If broken, look for 329! A rebound to around 418 can be a good opportunity to short with a small position, targeting 388-357. Remember: don’t catch a falling knife, especially with privacy coins; they are highly volatile and sensitive to sentiment, striking at the right moment is key.

Player action guide:

If you are still holding a large position, it is recommended to reduce your position when rebounding to around 418; don’t fantasize about making a fortune in one step.

If you are on the sidelines, patiently wait for stabilization near 357 before considering a small long position, or directly wait to set up around 329.

If trading contracts, focus on short positions, set your stop-loss well, and don’t hold onto losing trades!

The market changes rapidly; just looking at the K-line is not enough, you also need to understand the sentiment and watch the main players! Zhouyi provides real-time trend reversal signals in the village every day. Yesterday, it accurately called the top for ETH, and today it is closely monitoring the trend reversal point for ZEC. If you want to keep up, follow Zhouyi, who will share specific points and directions in real-time in the village!#美联储FOMC会议