There's a big chance price will see a rebound here, as the Stochastic is at an extremely oversold level.
The closest price target is at $65K, which is the last support level. Afterwards, price is going to head on lower from there, continuing its overall bearish structure. $BTC
I have changed the key levels, as price is more bearish than I initially expected.
Now the closest resistance level sits at $65K-ish.
We are likely to see a slight technical rebound from here, as price is now extremely oversold, hence that rebound will be stopped at that resistance zone.
$ZEC is coiling inside a symmetrical triangle on the daily chart. Price keeps printing higher lows while sellers defend the descending trendline. A decisive breakout could trigger a strong expansion move: 🔹 Bullish target: ~$1,000+ 🔹 Key support: ~$505 🔹 Compression is increasing, and volatility usually follows. The longer the squeeze, the stronger the move. $ZEC is approaching decision time. 👀📈