The NU7 voting for $ZEC has been over for a while now. The ETF and the privacy narrative are still in play, and the high-level positioning has begun to rotate repeatedly. Overall, it’s in a state where three narratives—governance + ETF + high leverage—are stacked together. This creates strong price volatility; meanwhile, if any one of the three lines turns weaker, it could trigger rapid price swings. A-Jian’s observation:
Hold $1,100 to show that the pullback is still controllable
Break above $1,158, and there will be a chance to retest $1,200
If it falls below $1,100, first look to see whether funds have withdrawn from the privacy sector
Hold $1,100 to show that the pullback is still controllable
Break above $1,158, and there will be a chance to retest $1,200
If it falls below $1,100, first look to see whether funds have withdrawn from the privacy sector