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$ZEC Once again, the power of the 4-hour Vegas channel golden cross has been demonstrated, with two rebounds at the channel support level. The resistance visible on the daily chart is in the 698-707 range.
Secondly, the 4-hour chart currently looks like it’s about to tighten, and attention should be paid to the trendline position shown in Chart 3. Only if the price breaks below the 580-587 range can the bears breathe a sigh of relief.
In trading, focus more on when the trendline on the hourly chart is broken and then consider shorting on the right side to see if it can go lower. Otherwise, the resistance at 698-707 on the daily chart might really come into play..$BTC