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Draw energy from the air force to pave the way for the later pump!
On the chart, it’s already showing a stepped-down decline. The early stage had soaring market hype and bullish sentiment, which led to massive sell pressure forming around the 600 area.
Even if the trading fee rate is still positive, the earlier retail bullish sentiment has gradually been wiped out. When the smart money looks in, the whale short positions’ average entry price is 490, and the loss ratio is as high as 55%. Moderately trapped.
In Liu Ge’s view, this wave is the market maker using sentiment to distribute (sell off) while taking advantage of it to lure shorts—gathering energy for the later pump. After all, the ETF applications have already been submitted, slowly moving toward mainstream alignment. (Big positive news)
In the short term, you can still look for downside: the current price is 540, and the target is to look around above 500—the area of the whale short positions’ average entry price.
I can’t do real-time updates. The entry points for the long positions in the later plan will be announced in the chat room! Don’t keep fighting the market alone $ZEC #BTC回调