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Recently, the market has been fluctuating up and down, making it a bit hard to keep up with the rhythm. Looking back at the logic makes everything clear.
First, let's talk about the recent factors influencing the rise and fall: yesterday's sharp surge in the crypto market was mainly due to the release of inflation data, which boosted positive expectations. Once this news came out, the market reacted immediately. Then, due to expectations of a rate hike by the Bank of Japan, the market turned downward sharply, which was a very direct negative signal. But once the rate hike by Japan was confirmed, the market started to rebound—in other words, a typical pattern of a bottoming out after negative news.
It may seem like the market is acting erratically, but there is actually a logical support behind it.
**Current Trading Perspective**
ETH around 3000 does face significant resistance. However, we've already shorted at this level three times and made several profits. Shorting again at this fourth time isn't impossible, but the win rate and returns will clearly weaken, so only small positions should be tried. Instead of repeatedly trading at the same level, I prefer to position at stronger resistance levels—such as shorting ETH around 3150-3200 for more stability. The corresponding support level is around 2800, where a rebound can be expected. Place orders at both the top and bottom levels; once triggered, aim for a short-term pullback of 50-100 points. As long as the major support and resistance levels are maintained, the chances of success can be very high.
**Thoughts on ZEC**
ZEC rebounded from 415, and I suggest observing it further, waiting until it reaches the 450-470 resistance zone before re-entering a short position. The 1x long-term logic applies: even if caught in a position, hold on. This coin is likely to dip further in the long run. Historically, the win rate for trading ZEC has been 100%, and so far, there have been no losses. You can verify this by checking the current holdings' profits.