A smokescreen to destroy 50 million tokens? Has the $ZEC -thousand-yuan mark completely lost its appeal?
Empty promises won’t save the market. Investors aren’t buying it, and even the biggest burn proposal is just an excuse for bears to drive prices down!
News: The Zcash community is set to vote on removing 50,000 ZEC from the treasury and halting new allocations.
Does “reducing circulating supply” sound like great news?
Not so fast—the vote won’t end until late November. That’s too little, too late! Investors aren’t buying it right now.
Technical outlook: The daily and 1-hour charts are both firmly bearish. Any rebound is feeble, with heavy resistance from trapped buyers between 1,000 and 1,040.
Trading suggestion: Enter a short position around 995–1,010.
Not sure what to do with your open position? @BTC梵昕
#Zcash自9月以来首次跌破1000美元
#Anthropic拒绝延期IPO，本周路演估值几何？
Empty promises won’t save the market. Investors aren’t buying it, and even the biggest burn proposal is just an excuse for bears to drive prices down!
News: The Zcash community is set to vote on removing 50,000 ZEC from the treasury and halting new allocations.
Does “reducing circulating supply” sound like great news?
Not so fast—the vote won’t end until late November. That’s too little, too late! Investors aren’t buying it right now.
Technical outlook: The daily and 1-hour charts are both firmly bearish. Any rebound is feeble, with heavy resistance from trapped buyers between 1,000 and 1,040.
Trading suggestion: Enter a short position around 995–1,010.
Not sure what to do with your open position? @BTC梵昕
#Zcash自9月以来首次跌破1000美元
#Anthropic拒绝延期IPO，本周路演估值几何？
