The privacy sector has started to loosen, has $ZEC already submitted an ETF application??

Fan question: Can we really short now given the current situation??

First, we need to clarify that once the ZEC spot ETF passes smoothly, it will open the door for privacy coins to go compliant, with top institutions like BlackRock and Grayscale directly entering the market to backstop. Except for extreme black swan events, the risk of a crash is relatively low, unlike typical junk altcoins that can suddenly dump at any time.
Plus, with a clear regulatory framework and ongoing institutional mining support, this is definitely solid long-term positive news, making it worth a bullish outlook in the long run.

But on the other hand, many altcoins always digest the positive news expectations first!
Looking back at the trend before May, ZEC was in a volatile downward trend, with dense trapped positions piled up above, creating heavy selling pressure. This also means the probability of a short-term rally is limited.

Dog whales are not charity givers; they can't just pump the price for free, giving retail investors at high levels a chance to break even and cash out!
So the answer I give to fans is: the overall trend remains bullish, but in the short term, there might be some shakeouts and consolidation, clearing out the weak short-term longs, and then a real explosive rally will follow.

Finally, to directly answer the question at the beginning of the article: Yes, you can short!

But you must not blindly short; you need to identify key resistance levels, only do short-term swings, and avoid greed for long-term shorts.
If you're unsure about entry points or managing your position rhythm, you can leave a message in the comments, and I will share precise strategies with everyone for free!! #GateioInto11