The recent rise of ZEC is making people's hearts race. Don't be fooled by the current excitement; if a double top forms, the rebound will be over immediately, and the fall will be more thrilling than a roller coaster! But if it can kick open the resistance level of $375, then the pump space will be directly opened. The question is, which path will it choose? Today, let's peel back the fog and see through the suspense of ZEC's future!

The market sentiment is simply like riding a rocket! Arthur Hayes (co-founder of BitMEX) just called for ZEC, claiming it will rise to $10,000, currently priced at $358, with a 13.2% rise in the last 24 hours, and the greed sentiment is about to overflow. No matter how hot the news is, we still need to see if the funds and technical aspects align. Although ZEC has surged, the transaction volume data shows that the first five trades have risen from the upper high to the bottom, indicating that the chasing funds are somewhat hollow and the chips are scattered, which can easily trigger profit-taking pressure. Moreover, the upper BOLL indicator is pressing near 347.44, and the current price is close, showing obvious short-term overbought signals. The sentiment-driven surge is facing significant technical pressure, so be cautious of sudden changes during the trading!
Operation Logic for Today
M Double Top Risk: From the K-line chart, ZEC is repeatedly testing the $360-$375 area. If it cannot effectively break through $375 today, it may form an M top reversal pattern, ending the rebound and starting a downtrend. The current price is $358, just a step away from the key resistance level, but the previous high of $367.22 has already shown resistance.
Breakthrough opportunity: If the news continues to ferment, and funds concentrate and surge in, breaking through $375 with volume will open up the pump space, with the next target looking above $400.
Comprehensive judgment: Old Zhao believes that the short-term long-short game has become intense, but the technical aspect is bearish - the probability of a double top is 60%, and the probability of a breakout is 40%. In terms of operation, it is essential to prioritize stability and not be swayed by emotions.
Short-term trading strategy
support level, resistance level, watershed #
Key resistance level: $375 (breakthrough opens up pump space)
Key support level: $340 (previous low, a fall below confirms double top)
Turning point: $375 - bullish above, bearish below, this is today's lifeline!
ZEC is currently at a crossroads, with the double top risk greater than the breakthrough opportunity. No matter how exciting the news is, one must respect the market! Keep a close eye on the $375 resistance level; if it breaks, follow, if not, withdraw—don't wait until the market has finished moving to lament.
#美联储降息 $ZEC ‌