Dear family, tonight I'm sweating all over while watching the market! The ZEC one-hour chart is completely broken, with the price stuck at $519.78, and the MACD death cross is like a knife hanging over my head! But strangely, the main force has placed 703 large sell orders at $520, while burying 278 support orders at $410. This clearly indicates they don't want it to rise but are also afraid of a crash! On the other hand, Zcash's network difficulty has soared to a historical peak of 123,900,000, and the number of nodes has skyrocketed! Short-term panic vs long-term positive outlook, the answer to this battle between bulls and bears lies in the details!
News:
Image 2 reveals key information: Zcash's shielded transaction volume has increased 13 times over 3 years, with the number of nodes reaching a new high! What does this mean?
Short-term bearish: Network upgrades may trigger miner selling pressure;
Long-term bullish: Explosive demand for privacy coins, on-chain data won't lie!
Technical analysis:
Key level has revealed its hand! 535 is the 'line of life and death.'
From Chart 1, the upper resistance at 580 is strong, the lower 535 is a critical level, and 470 is the support bottom line. The current price is hovering at 519, just a step away from 535! My judgment is:
If it breaks 535 with volume, panic selling will hit 470, even testing the 410 support area;
If it holds 535 with volume, the main force may launch a surprise attack on 580 due to network benefits!
But pay attention to the order book: the 520 sell orders are not withdrawn, indicating that the main force is deliberately suppressing the rebound, and tonight there is a high probability of a panic sell-off first!
Qihe's view: The main force's intention to suppress the market and accumulate is too obvious; they don't want retail investors to join at low prices, waiting for the panic selling to come out before buying the dip!
Operation advice:
Short-term traders: Must stop loss if 535 breaks! A rebound not exceeding 580 is all a trap; don't be greedy;
Long-term investors: Place orders below 470 and accumulate in batches, hold on for the new cycle.
Secret strategy: If the 410 support is tested and holds, and there is a MACD divergence, it's time to go heavy!
I am Qihe from the coin circle, give me a follow, and I'll teach you how to catch this wave and make a full profit! If you don't know how to enter, Qihe will analyze in real-time in the village, providing the best current entry points.
Trading coins is not about betting sizes; it's about who can better read the 'script' of the main forces. Keep an eye on 535 tonight; if it crashes, don't panic, it might be a golden opportunity knocking! If you're unsure about the specific entry points, you can follow Qihe and enter 'Qihe Village.'
