#数字货币市场回调 Recently, this wave of fall is quite intense. In the past 24 hours, it directly dropped by 18-20%, and now the price is fluctuating between 350 and 460 dollars. Short positions are clearly dominating, although the technical indicators are starting to show oversold signs, the momentum for a rebound has not yet emerged.

In terms of position data, the scale of open interest is approximately $695 million, and the financing rate is slightly negative, indicating that leverage pressure is still relatively manageable. The good news is that the pace of selling is starting to slow down.

Looking at the technical indicators: RSI$ZEC 14( is hovering between 30-48, which is considered a neutral to weakly oversold state. STOCHRSI has directly dropped to zero, and Williams %R has also reached -100, all confirming short-term oversold signals. In the moving average system, the 5-day, 10-day, 20-day, and 50-day averages are all showing red signals for selling. The MACD has flashed a weak buy signal, but the ADX strength indicator has soared above 42, indicating that the downward trend remains strong. The ATR volatility is currently as high as 14-20%, and market sentiment is quite anxious.

Key levels to watch: support below at $350 and $300, and resistance above around $550. Overall, ZEC has short positions out of the original upward channel in the short term, with clear signs of capital outflow. Entering at this position requires careful consideration of the risks.