Weekend Crypto Market Morning Analysis: Is ZEC Stuck and Unable to Fall Further? Can I Still Break Even at 1100 ZEC???
$BTC Current Price 84800
After a sharp drop, it entered a sideways consolidation phase. RSI6=65.83, close to short-term overbought, with obvious resistance above. The momentum to push higher is limited, and a pullback is needed.
Resistance: 85400‑85700; Support: 84400, key support at 83800
$ETH Current Price 2694
Completely following BTC's fluctuations, RSI6=74.31 entering the overbought zone, short-term correction is expected to digest gains. No independent trend; price movement depends on BTC.
Resistance: 2735; Support: 2660
$ZEC Current Price 1307
After overselling, a slight rebound occurred, currently stuck in a range-bound oscillation, RSI returning to neutral. The long-term downtrend remains unchanged; this is a corrective move after the decline, with high volatility, following the overall market.
Resistance: 1335‑1360; Support: 1283, if broken look for 1270
Summary: The market is experiencing a technical rebound after a big drop, not a reversal. Short-term indicators are collectively near overbought, beware of another pullback. For contracts, strictly control position size and leverage; do not chase highs.
#ZcashETFPostsFirstWeeklyOutflow$93.6M
$BTC Current Price 84800
After a sharp drop, it entered a sideways consolidation phase. RSI6=65.83, close to short-term overbought, with obvious resistance above. The momentum to push higher is limited, and a pullback is needed.
Resistance: 85400‑85700; Support: 84400, key support at 83800
$ETH Current Price 2694
Completely following BTC's fluctuations, RSI6=74.31 entering the overbought zone, short-term correction is expected to digest gains. No independent trend; price movement depends on BTC.
Resistance: 2735; Support: 2660
$ZEC Current Price 1307
After overselling, a slight rebound occurred, currently stuck in a range-bound oscillation, RSI returning to neutral. The long-term downtrend remains unchanged; this is a corrective move after the decline, with high volatility, following the overall market.
Resistance: 1335‑1360; Support: 1283, if broken look for 1270
Summary: The market is experiencing a technical rebound after a big drop, not a reversal. Short-term indicators are collectively near overbought, beware of another pullback. For contracts, strictly control position size and leverage; do not chase highs.
#ZcashETFPostsFirstWeeklyOutflow$93.6M