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Damn, is ZEC on an adrenaline rush? So energetic. Bitcoin has been rising for 40 days straight! Where will it top out? Come take a look.
1. First, let's talk about ZEC, which surged 40% in one day, and even more surprisingly, the contract funding rate is not negative, but positive at one-tenth of a percent. This indicates that the shorts are completely wiped out, and the market is entirely bullish now. So the key question is, can we short?
2. I believe everyone is most eager to know ZEC's resistance level. Looking at the candlestick chart, the strongest resistance for ZEC is definitely around the previous high of 700. Reaching this point would mean doubling the price, and since it's near the previous high, the resistance is very strong, likely causing a significant pullback. So if you want to play it safe, you can set your order around 700. Once you're in, let's go for it.
3. ZEC's past patterns have been very crazy, but after the hype dies down, it often crashes hard—huge declines, provided you can hold on. So if you really want to short, only operate with 1x leverage, and wait until the end to talk about profits.
4. As for Bitcoin, as shown in the chart, the RSI has entered the overbought zone again after half a year. In previous instances, whenever the price reached this level, things didn't look good—100% of the time, it experienced a sharp decline in the following weeks. So Bitcoin's correction is no longer a question of if, but when. My strategy for BTC is to buy on dips and short with low leverage, patiently waiting for the outcome. Even if temporarily trapped, the price will eventually drop, and profits will be substantial.
5. Additionally, Shuqin wants to congratulate everyone on crude oil! Today, it dropped again, breaking below 100, as shown in the chart. I am already sitting on a 100k profit. We recommend shorting oil daily, and I believe everyone has already entered the market. Any position you short now will be profitable. Stick with me, the big moves are still ahead!