#数字货币市场回升 The recent fall has been quite severe, what is the current situation?

First, let's state the conclusion: a technical correction after being oversold. On the four-hour chart, the RSI indicator has reached a historical low, and the price has temporarily stabilized in the range of 356-363. But don't get too excited; the resistance from the MA30 and the middle band of the Bollinger Bands is still quite evident. Although the MACD shows that the downward momentum is weakening, the overall bearish pattern has not been reversed.

Breaking down a few points from a technical perspective:

There are indeed signs of a rebound. The RSI is oversold across the board, the lower Bollinger Band was breached and then pulled back, and the distance between DIF and DEA in the negative zone of MACD is narrowing—these all point to a possible short-term rebound action. However, the moving average system is not very friendly; MA7 has already dead-crossed and broken through MA30, and the distance between EMA7 and EMA30 is still expanding, with all moving averages showing a bearish arrangement, so there will be significant resistance on the rebound path.

Take a look at several key positions on the liquidation heat map: the 390-420 range has significant pressure, and there is a secondary liquidation dense zone near 450. On the other hand, the 350-360 range has relatively low liquidation intensity, which just forms a technical support. However, it is important to note that market depth is not sufficient.

How to operate? Here are a few ideas:
If you want to bottom fish on a short line, you can try the waters at 355-360, aiming for 380-390. If it breaks 348, get out, and keep the position at 5%; if you want to take a trend short position, wait for a rebound to 400-410 before entering for more stability, targeting 350-340, with a stop loss set at 420, and don't exceed a 3% position; for aggressive breakout trades, wait for it to stabilize above 390 before chasing, targeting 420-450, with an immediate stop loss if it falls below 375, also with a 3% position. Remember that leverage should never exceed 3 times, and whether the resistance at 390 can be broken is key.

In simple terms, $ZEC is currently in a tug-of-war between a sharp fall rebound and a downward trend. Whether the 390-420 range can break through is very important; before seeing clear signs of a trend reversal, the main strategy is to short during rebounds. Privacy coins have significant policy risks, poor liquidity, and can be quite frightening when they fluctuate, so it's essential to manage your position well and not get carried away.

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