A bearish candlestick broke the support, two giants took losses and left the market, three numbers determine life or death tonight. Is tonight's ZEC market making you anxious? The bearish candlestick in the one-hour K-line chart plunged straight down, and the MACD death cross flashed green light below the zero axis, clearly telling you: the shorts are pressing down hard!
News:
Two ZEC long whale giants couldn't hold on any longer and chose to close their positions at a loss, with one of them losing as much as 1 million dollars;
The biggest short seller laughed in the end, as the ZEC short position on Hyperliquid turned from loss to profit, with an unrealized gain of 8%;
This short-selling big shot not only stayed but also continued to increase short positions in ETH and MON, clearly indicating a bearish outlook on the entire market.
Market sentiment has shifted from 'Can it still rise?' to 'How far will it drop?'.
ZEC technical analysis:
The hourly K-line has continuously closed with bearish candles, with the price plunging from around $400 to below $380. The MACD yellow and white lines are firmly below the 0-axis, and the death cross gap is widening; this is not a correction, but a trend decline.
What should players do?
First move: If your position is heavy and you have no stop-loss, just survive.
If you currently hold a long position and your position is not light, a rebound is an opportunity to reduce your position or exit. In the financial market, 'holding a position' is the most expensive mistake. Remember, you saw the whales cutting losses; they have large capital but are also afraid of dying.
Second move: Those who want to catch the bottom must learn to 'wait'.
'When others are fearful, I am greedy' is correct, but greed requires discipline. Don't reach out in a falling knife. The real bottom signal requires at least: the price stabilizes at a key support and no longer sets new lows; MACD shows a bottom divergence; or a long lower shadow K-line appears with increased volume.
Qi He's personal opinion:
Tonight, don't dream of hitting 470! The main bulls have all fled; who will pull the market for you? Once the market unfolds, the primary goal is to test or even break the key level of 390. If 390 is lost, the area below is wide open, and the support level at 320 may very well be the next 'gathering place' for bears.
Remember, Qi He doesn't play tricks. What you need is 'understandable and profitable' content; what I need is to help you avoid pitfalls and seize profits as a loyal fan. Follow Qi He, + chat room, to help you avoid pitfalls, analyzing subsequent capital movements in real time, and capturing every profit window!#加密市场观察 #美联储降息
