Folks, who understands this? Yesterday morning, ETH suddenly 'plummeted' by 100 points, and many brothers panicked and came to me wanting to cut losses. In contrast, U.S. stocks and gold are thriving, while the crypto market is leading the 'decline' trend. Isn't this contrast making you start to doubt life? Don't rush to operate recklessly. As a seasoned trader (oh no, a senior analyst) who has been watching the market for 5 years, today I'll guide you through the underlying logic of this market wave and clarify the operational rhythm of ZEC for you!
First, the conclusion: the market downturn has been confirmed, but shorting requires precise timing.
First, we need to clarify a core signal: the recent breakout of BTC and ETH is entirely a 'smokescreen'! Many people previously shouted 'straight to 3500 after the breakout,' but they were forcefully beaten back to reality, and now it has fallen back into the consolidation zone. It's important to highlight that U.S. stocks and gold, as traditional safe-haven assets, are rising collectively, while the crypto market is falling in the opposite direction. This is not a simple correction; it directly reflects a lack of confidence in the crypto sector, and the downturn has already been laid bare.
But I must remind you: don’t get impulsive and chase the short! Currently, ETH has stabilized in the 2930-2940 range and has started a slight rebound. I have always had a conservative trading style; even if I am generally bearish, I absolutely won't recklessly enter before the key support level is clearly broken. I've seen too many brothers get trapped by chasing shorts due to false breaks; the blood and tears lessons tell us: the 'tricks' of the crypto market are harder to guess than a girlfriend's thoughts, waiting patiently for opportunities is 10 times better than blindly operating.
ETH Operation Guide: Shorting during a rebound is the way to go, hold the long-term shorts steady!
Since the market has returned to the range, we will use 'range thinking' to respond. My strategy is very simple: wait for the rebound to the upper edge of the range before shorting. Specifically, the two key resistance levels are 3000 and 3060, I suggest entering in batches to reduce risk and to get comfortable entry points.
Here’s a long-term view: the long-term short position at 3400 that I previously suggested can continue to be held! Don’t be misled by a short-term small rebound; from a technical pattern and capital flow perspective, ETH is very likely to drop to the 2000 or even 1500 range by mid to late next year. That will be the time for us to consider bottom fishing; rushing to enter the market now to catch the bottom is no different from dancing on the tip of a knife.
ZEC: The 'great victim' of the crypto world confirmed! Is shorting guaranteed to make money?
After talking about ETH, let’s talk about ZEC, this 'living treasure'. Previously, it encountered resistance and fell in the 450-470 range, and now the support level is stuck around 410. My suggestion is: for the short term, you can take profits here and wait for the rebound to around 430 and 450 before re-establishing short positions.
To be honest, ZEC is definitely the 'conscience coin' of the crypto world, specifically giving benefits to the brothers who short! The day before yesterday, I told everyone to short at 450 and take profit at 430; many people have already made a wave of profit. I reminded everyone at that time that once it rebounds, continue to short, and now it has indeed fallen again. In the past two months, following ZEC to short, I've made at least 5 waves of profit; every time I enter at the resistance level, I can profit, it's simply more reliable than financial management. A friendly reminder: ZEC is currently only suitable for shorting, don't think about bottom fishing and going long, or you'll easily become a 'picking up the pieces guy'!
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