The ZEC market is making people's blood pressure rise.
The one-hour K-line is clearly going down, but the MACD yellow and white lines have quietly slipped below the 0 axis, and the dead cross is about to turn into a golden cross—will this be a rebound or a trap for more buyers?
Today we will break it down, will ZEC rise to 548 next, or will it first drop to 422? Or even... fall back to 175?
Did the big shots also flip? There are secrets behind the short position increase.
Did you see the news yesterday? The profits of large short holders on Hyperliquid shrank from 3.3 million to 300,000, but they stubbornly increased their short positions by 1.72 million.
This person shorted last October, averaging from 184 all the way to 419, suffering a floating loss of 21 million at the worst time... now relying on ETH short positions to support profits.
What does this indicate? Even the big players are not gods; they can panic when holding positions.
He is desperately adding to his shorts. Is it because he sees negative news that we don’t, or is he panicking from being trapped?
If the big players are all wrong about the direction, how should we small retail investors follow?
Let the K-line speak: Is the rebound a trap or an opportunity?
The one-hour chart indeed shows a clear downtrend, but be aware—MACD death cross turning golden cross is often a precursor to a rebound.
However, both RSI and MEI are in the overbought zone, and the volume has suddenly increased, which resembles the old trick of 'inducing buying, then crashing'.
My view: The overall trend is still bearish, but there may be a short-term rebound first.
Upper resistance at 548.84 and 422.78. If it rebounds to near these two positions, a small short position can be attempted.
Short-term support looks at the range of 422.78-338.34. If it stabilizes here, a small rebound can be taken.
If you are always swayed by the ups and downs, it’s better to learn to analyze the market with Shengyi—I don’t provide positions, I only teach you methods.
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