🧊 Ice and Fire: The whole market is down 8%, but this one climbed from -8% to just -0.5%
This is indiscriminate deleveraging. BTC is currently at 76168, down 5.46%, after plunging from 80835 to 75208; ETH is at 2242, down 7.64%; SOL is at 90.32, down 6.24%; ENA is down 9.88%, and UNI is down 8.18%. High-beta assets are collapsing across the board.
But two assets held their ground: ZEC briefly plunged to 1213, down 8%, but is now at 1312, down just 0.5%; gold-backed token XAUT is down just 1.37%. On-chain data shows that real money stepped in to absorb ZEC's selling pressure.
Meanwhile, South Korea held an emergency market review meeting and granted brokerages a three-month exemption from the 140% credit-financing guarantee ratio requirement, saying it would take further steps to stabilize the market if volatility increased. Asia is guarding against systemic risk.
Conclusion: 75208 is the bottom of this deleveraging wave. Hold above it and a recovery may follow; break below it and a second sell-off is likely. 1213 is the line in the sand for ZEC; it only catches up on the downside if that level breaks.
📊 Investment Recommendations
• BTC — Bullish (oversold rebound; invalidated if it breaks below 74000)
Take Profit (TP): $82,260
Stop Loss (SL): $70,070
• ZEC — Bullish (leading the market in resilience; buy on a pullback)
Take Profit (TP): $1,469
Stop Loss (SL): $1,155
⚠️ Disclaimer: The above is solely my personal opinion and does not constitute investment advice. Markets are highly volatile. Please DYOR and assume all risks yourself.
This is indiscriminate deleveraging. BTC is currently at 76168, down 5.46%, after plunging from 80835 to 75208; ETH is at 2242, down 7.64%; SOL is at 90.32, down 6.24%; ENA is down 9.88%, and UNI is down 8.18%. High-beta assets are collapsing across the board.
But two assets held their ground: ZEC briefly plunged to 1213, down 8%, but is now at 1312, down just 0.5%; gold-backed token XAUT is down just 1.37%. On-chain data shows that real money stepped in to absorb ZEC's selling pressure.
Meanwhile, South Korea held an emergency market review meeting and granted brokerages a three-month exemption from the 140% credit-financing guarantee ratio requirement, saying it would take further steps to stabilize the market if volatility increased. Asia is guarding against systemic risk.
Conclusion: 75208 is the bottom of this deleveraging wave. Hold above it and a recovery may follow; break below it and a second sell-off is likely. 1213 is the line in the sand for ZEC; it only catches up on the downside if that level breaks.
📊 Investment Recommendations
• BTC — Bullish (oversold rebound; invalidated if it breaks below 74000)
Take Profit (TP): $82,260
Stop Loss (SL): $70,070
• ZEC — Bullish (leading the market in resilience; buy on a pullback)
Take Profit (TP): $1,469
Stop Loss (SL): $1,155
⚠️ Disclaimer: The above is solely my personal opinion and does not constitute investment advice. Markets are highly volatile. Please DYOR and assume all risks yourself.