Brothers, pay attention to $ZEC , a dangerous divergence signal has appeared on the market, and I will explain it to you.

First, the conclusion: I am firmly bearish.

The key contradiction lies here, a fake golden cross on the technical side; looking at the 1-hour chart, the MACD seems to be about to golden cross, but the red-green bar energy not only hasn't expanded, but has actually shrunk. What does this indicate? It indicates that the upward momentum is false and cannot support a real rebound. The price can't even break through the key resistance level of 400, let alone 415 above. The RSI is also in a weak zone, and buying pressure is very weak. Those strong buy signals from the system and the current soft reality of not rising are completely divergent; they are traps.

The real withdrawal of funds is the more critical truth. Looking at the fund flow, in the spot market, there has been continuous large net outflow in the 8-hour and 12-hour cycles, and it is a dramatic change. What does this indicate? It indicates that large players are continuously distributing chips, and the big ship is quietly turning around. Although there is leveraged capital on the contract side engaging in short-term speculation, causing some inflow, this does not change the overall trend of the main funds withdrawing from the spot market. When real money is flowing out, any technical rebound signals should be treated with high caution.

My operational advice is very clear:

If you still hold positions, the risk has already exceeded the opportunity. Seize any rebound opportunities towards the resistance zone of 395-400 to decisively reduce positions, or even liquidate. The primary support is at 370; once it effectively breaks down, the downward space will be opened up.

If you are on the sidelines, absolutely refrain from bottom fishing. Now is definitely not the time to catch falling knives. Stay patient, and if you do trade, only do one type of trade: wait for the price to effectively break below 370 and show a rebound confirmation before considering an entry in the direction of the trend.

Remember, when flashy technical indicators clash with cold fund flows, always trust the choice of real money. Currently, the funds have already voted with their feet.

I am Brother Niu, only sharing the hardest logic. #加密市场观察