While everyone panics over the sharp drop in ZEC, on-chain data reveals a more dangerous signal—this is not an ordinary correction, but a meticulously planned 'miner massacre'!
In-depth analysis of the news
On the surface, the slight increase in daily earnings for ZEC miners seems positive, but considering the historical mining difficulty of 154.26M, the truth is chilling: miners' actual earnings are being severely compressed.
This 'high difficulty, low reward' distorted structure will inevitably trigger a reshuffle of computing power—large miners will be forced to sell off their inventory coins to break even, forming a death spiral.
The current fluctuations in overall network computing power are by no means accidental, but rather a warning signal that miners are preparing to retreat. Even more deadly is the fact that this 'miner exodus' often has a lagging effect, and the real selling pressure storm is still to come.
Precise Technical Analysis
After confirming the loss of the key level at 640, ZEC has officially entered a bearish pattern. The MACD yellow and white lines not only crossed below the 0 axis to form a death cross, but also exhibited a 'waterfall' divergence pattern, which is a classic signal for accelerated decline.
The resistance area at 715-750 above has transformed into a multiple top structure, and any rebound to this area is an excellent short opportunity. The support at 580 is practically nonexistent, with 500 being the critical line for bulls and bears.
However, it is worth noting that the four-hour RSI has shown a rare bottom divergence, suggesting that the main force may be setting up a counterattack at a certain hidden location.
Mr. Krabs' Professional Judgment
From the analysis of miner cost lines and technical resonance, ZEC's short-term downside risk is as high as 80%. However, on-chain data shows that a certain mysterious address is continuously accumulating in the bottom range, which may be the last inducement before a crash, or it could be a true signal of the main force's secret layout.
I believe that a certain key watershed will become a decisive position in the future market; if it rises, a 30% rebound space will open, and if it falls, it will trigger a chain liquidation. More in-depth analysis and real-time strategies are shared only in the village.
There are no deities in the cryptocurrency circle, only smart people who can read signals. Mr. Krabs' strength is not boastful, nor does he make empty promises; he only teaches you practical survival skills. Follow Mr. Krabs, and fans who want to keep up can find Krabs Village, where Mr. Krabs announces entry and exit points every day!
