Miner profits are 4 times Bitcoin! $ZEC rebounded from 1053 to 1139—can this move still be followed?
Brothers, Grayscale just threw out a set of data: the profit per watt-hour from mining ZEC is 4 times that of Bitcoin, and the daily profit per mining rig is 2 times that of Bitcoin. The network hashrate has increased by 2.5 times within the year. Miners are rushing in because mining ZEC is more profitable than mining BTC. This isn’t hype—it’s real “gold and silver” hashpower-backed voting.
Looking at the K-line: the price bounced from the 1053 low to 1139. The MACD has a dead cross, but the green histogram is shrinking, and the RSI is 36–47 still in a weak zone. The middle Bollinger Band at 1152 is the first hurdle—break above it to look toward 1200. Down below, 1089 is the lower Bollinger Band support.
Gongming’s view: miners’ high earnings are solid fundamentals, but in the short term the price is still in a repair phase. Until 1152 is firmly held, any rebound should be treated as a rebound/relief rally.
Trading strategy:
If it retraces to 1090–1100 and stabilizes, go long (buy). Aggressive traders can enter long near the current price around 1140.
Remember: miners are using hashpower to vote, but the price needs time to catch up. Follow Zhao Gongming—come to the chatroom to get your share, no getting lost. #空头爆仓推动以太坊反弹 #CPI数据来袭能否触发9月加息
Brothers, Grayscale just threw out a set of data: the profit per watt-hour from mining ZEC is 4 times that of Bitcoin, and the daily profit per mining rig is 2 times that of Bitcoin. The network hashrate has increased by 2.5 times within the year. Miners are rushing in because mining ZEC is more profitable than mining BTC. This isn’t hype—it’s real “gold and silver” hashpower-backed voting.
Looking at the K-line: the price bounced from the 1053 low to 1139. The MACD has a dead cross, but the green histogram is shrinking, and the RSI is 36–47 still in a weak zone. The middle Bollinger Band at 1152 is the first hurdle—break above it to look toward 1200. Down below, 1089 is the lower Bollinger Band support.
Gongming’s view: miners’ high earnings are solid fundamentals, but in the short term the price is still in a repair phase. Until 1152 is firmly held, any rebound should be treated as a rebound/relief rally.
Trading strategy:
If it retraces to 1090–1100 and stabilizes, go long (buy). Aggressive traders can enter long near the current price around 1140.
Remember: miners are using hashpower to vote, but the price needs time to catch up. Follow Zhao Gongming—come to the chatroom to get your share, no getting lost. #空头爆仓推动以太坊反弹 #CPI数据来袭能否触发9月加息
