🔥 Zcash leads $212M in crypto liquidations as price jumps 15% — Zcash leads $212M in crypto liquidations as price jumps 15% — direct, immediate price action and market-wide liquidation impact.
Bro, the market is in full action today — Zcash jumped 15% and caused a $212 million liquidation wave across crypto. This isn’t just about ZEC; it shows the mood of the entire market. Bitcoin is also riding the same wave, trading at $79,823, up +3.28% in the last 24 hours. Now the question is how solid the $80,100 resistance is — that will decide the next move. If it gets rejected there, then the $79,509 support may be tested again, and if there’s no bounce from there, the deep support at $76,264 isn’t far off.
On the technical side, RSI is 54 — meaning neither too overbought nor oversold. MACD is still bearish, but the histogram is weakening, so this could be a sign of a potential reversal. Volume is 0.19x, which is very low — that means this rally still isn’t conviction-driven, it’s mostly coming from short covering. OBV is also down, so underlying buying pressure is weak. I think if the $80,100 level gets broken, then the path to $82,300 opens up. But if price gets rejected there, then a break below $79,500 could put short sellers back in control.
The EMA20/50/200 structure is bullish, so the long-term trend is still up. For now, it’s just a consolidation phase in the short term. My personal view — this rally feels a bit artificial because volume isn’t supporting it. So I’d say watch $80,100 closely, and if there’s a rejection there, then a test of the $79,500 support is definitely coming.
Now the question is — do you think Bitcoin will touch $82,000 this week, or will we see a retest of $76,000? Comment with your view, because this level will decide which direction the market leans!
#Trading #Binance #Bitcoin #Crypto #MarketAnaly
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Disclaimer: My personal analysis, not financial advice. DYOR.