$BTC
A few days ago I pulled it hard and pushed it above 87,000. Today it’s taken a breather and is just grinding through the market. The momentum to push for 90,000 has temporarily died out.
To put it simply, this is consolidation in place after a big rally, and bulls and bears are locked in a tug-of-war.
Key short-term points: 85,000 is the current lifeline. As long as it doesn’t break down through here completely, the broader uptrend should be fine for now. The first resistance zone above is 87,000–88,000. If it can’t break through that area, price will likely keep chopping and grinding in a range in the near term.
Market sentiment is a bit awkward right now. The broader market wants to keep going up, but incremental capital can’t keep up. Whenever it pushes up, money tends to run out to take profits, so the odds favor a sideways shakeout.
$ETH
Ethereum’s price action is a textbook case of following Bitcoin—it doesn’t really have its own ideas and keeps lagging by a wide margin in terms of gains.
It’s currently stuck oscillating in the 2,700–2,800 range. 2,700 is short-term support; if it can’t hold, the next stop would likely be around 2,600 to find support. 2,800 is the hardest hurdle in front of it—only if it can reliably break through 2,800 will it have a chance to challenge the 3,000 level.
In one simple sentence: if Bitcoin doesn’t really get going, it’s hard for Ethereum to run on its own. Right now it’s basically in a passive “follow” mode.
$ZEC
Among the three today, it’s the strongest. In the recent period it’s been surging upward nonstop. The cumulative gains this week are extremely crazy—clearly funds have crowded into the privacy-coin narrative trade.
With privacy-related themes heating up, lots of short-term money has rushed in, and the breakout force is strong. But it’s also worth staying clear-headed: the short-term rise has been too much, and the risks aren’t small either.
Short-term support is around 1,500; overhead resistance is 1,650–1,700.
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A few days ago I pulled it hard and pushed it above 87,000. Today it’s taken a breather and is just grinding through the market. The momentum to push for 90,000 has temporarily died out.
To put it simply, this is consolidation in place after a big rally, and bulls and bears are locked in a tug-of-war.
Key short-term points: 85,000 is the current lifeline. As long as it doesn’t break down through here completely, the broader uptrend should be fine for now. The first resistance zone above is 87,000–88,000. If it can’t break through that area, price will likely keep chopping and grinding in a range in the near term.
Market sentiment is a bit awkward right now. The broader market wants to keep going up, but incremental capital can’t keep up. Whenever it pushes up, money tends to run out to take profits, so the odds favor a sideways shakeout.
$ETH
Ethereum’s price action is a textbook case of following Bitcoin—it doesn’t really have its own ideas and keeps lagging by a wide margin in terms of gains.
It’s currently stuck oscillating in the 2,700–2,800 range. 2,700 is short-term support; if it can’t hold, the next stop would likely be around 2,600 to find support. 2,800 is the hardest hurdle in front of it—only if it can reliably break through 2,800 will it have a chance to challenge the 3,000 level.
In one simple sentence: if Bitcoin doesn’t really get going, it’s hard for Ethereum to run on its own. Right now it’s basically in a passive “follow” mode.
$ZEC
Among the three today, it’s the strongest. In the recent period it’s been surging upward nonstop. The cumulative gains this week are extremely crazy—clearly funds have crowded into the privacy-coin narrative trade.
With privacy-related themes heating up, lots of short-term money has rushed in, and the breakout force is strong. But it’s also worth staying clear-headed: the short-term rise has been too much, and the risks aren’t small either.
Short-term support is around 1,500; overhead resistance is 1,650–1,700.
#21Shares推出欧洲首只Zcash实物ETP