DCG puts $110 million into the market! Grayscale Zcash ETF is coming—can you still chase after $ZEC breaks 600?
Brothers, Grayscale is at it again—its fourth version of the revised filing for the Zcash trust converting to an ETF has been submitted. The parent company, DCG, is discussing the injection of 200,000 ZEC (worth $110 million). Once the ETF lands, traditional capital entry channels will be opened.
ZEC has run from 480 to 607. This K-line has already been pricing in expectations ahead of time. The news is real, but the price is already up 25%. If you rush in now, you might end up being the one left holding the bag.
Looking at the chart: The upper Bollinger band at 601 has been broken through. All three RSI readings are above 60—short-term overbought, but not extreme. Volume is shrinking while price rises, which suggests the number of people chasing higher is decreasing.
Gongming view: The long-term thesis is solid—wait for a pullback in the short term. The real entry point isn’t at 610; it’s below 580.
Trading plan:
Conservative: wait for a retracement to 580–590 and go long when it holds.
Aggressive: go long around 600.
Grayscale’s entry is a long-term narrative—don’t stand guard on the short-term spike.#比特币日内触及75500美元 #美国初请失业金人数降至20.6万
Brothers, Grayscale is at it again—its fourth version of the revised filing for the Zcash trust converting to an ETF has been submitted. The parent company, DCG, is discussing the injection of 200,000 ZEC (worth $110 million). Once the ETF lands, traditional capital entry channels will be opened.
ZEC has run from 480 to 607. This K-line has already been pricing in expectations ahead of time. The news is real, but the price is already up 25%. If you rush in now, you might end up being the one left holding the bag.
Looking at the chart: The upper Bollinger band at 601 has been broken through. All three RSI readings are above 60—short-term overbought, but not extreme. Volume is shrinking while price rises, which suggests the number of people chasing higher is decreasing.
Gongming view: The long-term thesis is solid—wait for a pullback in the short term. The real entry point isn’t at 610; it’s below 580.
Trading plan:
Conservative: wait for a retracement to 580–590 and go long when it holds.
Aggressive: go long around 600.
Grayscale’s entry is a long-term narrative—don’t stand guard on the short-term spike.#比特币日内触及75500美元 #美国初请失业金人数降至20.6万
