Looking at the 4H chart, ZEC recently surged above the upper resistance band, but there was no further upward momentum, instead starting a correction wave. Overall, the current rhythm suggests maintaining a high-short strategy.
Recently, macro factors have caused some disturbance, as the US CPI data is about to be released, which may boost short-term risk aversion in the market. In this context, consider short positions in the 420-426 range for ZEC, with a target around the 380 area.
Of course, closely monitor the movements of $BTC and $ETH, as their trends often directly influence the rhythm of altcoins. If Bitcoin and Ethereum remain weak, ZEC's downside potential will be quite significant.
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gas_fee_therapist
· 01-14 08:30
It's the same story again. As soon as the CPI is released, we have to look at Bitcoin's mood. Small coins like ZEC have no say at all.
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BearMarketNoodler
· 01-14 08:15
420-426 Short positions entering? Wait, the CPI hasn't been released yet, and you're rushing to buy the dip. This mentality is a bit hasty, haha.
ZEC's rhythm is a typical weak rally. If BTC continues to decline, 380 is no longer safe.
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0xTherapist
· 01-14 08:08
420-426 entering short positions? If this CPI data is hawkish, ZEC might not even reach 380, it depends on Bitcoin's mood...
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LightningAllInHero
· 01-14 08:04
Shorts entering? Bro, this move is pretty aggressive. Just worried that if the CPI data is hawkish, ZEC might surge in the opposite direction.
ZEC hasn't been very active these days, but shorting at 420 might be a bit early... Let's wait until BTC confirms a breakdown.
If Bitcoin performs well, altcoins won't turn around either. Still need to keep a close eye on Bitcoin's movements.
#美国消费者物价指数发布在即 Zcash Technical Analysis
Looking at the 4H chart, ZEC recently surged above the upper resistance band, but there was no further upward momentum, instead starting a correction wave. Overall, the current rhythm suggests maintaining a high-short strategy.
Recently, macro factors have caused some disturbance, as the US CPI data is about to be released, which may boost short-term risk aversion in the market. In this context, consider short positions in the 420-426 range for ZEC, with a target around the 380 area.
Of course, closely monitor the movements of $BTC and $ETH, as their trends often directly influence the rhythm of altcoins. If Bitcoin and Ethereum remain weak, ZEC's downside potential will be quite significant.