The ZEC strategy shared earlier ($ETH ) has played out as expected, locking in profits on this move. The breakout is underway, and the BTC chart is showing clear signals, though the bulls and bears remain sharply divided. On the four-hour chart, the price is firmly capped by the moving averages. The short-term moving averages have crossed below the long-term ones, forming a bearish alignment. Even the rebound can’t reach the cluster of moving averages, showing that sellers are firmly in control.

Looking at volume, each rebound has come on declining volume, with no real buying support. Given this setup, I favor trading with the trend and looking for a pullback. Of course, four-hour indicators are already at extreme levels, so chasing a short could leave you vulnerable to a rebound. It’s better to wait for a bounce into the resistance zone before considering an entry—no need to rush. The bearish outlook remains unchanged unless the key level is broken.

🔴 Trade direction: Short
📍 Entry range: 1900.64 – 1906.06
🛑 Stop loss: 1957.54
🎯 Take profit 1: 1862.70
🎯 Take profit 2: 1835.61
🎯 Take profit 3: 1794.97

Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.

#ETH

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