#数字资产市场动态 ZEC has indeed experienced a fierce rally recently, with many chasing the highs. Some analysts are calling for a push that may encounter resistance around 560. But this is not the end; the underlying logic is even more interesting.



Speaking of the strength of ZEC and BCH, we need to talk about mining. As the main mineable cryptocurrencies, their price movements are closely linked to the sales of mining machines. Large mining hardware manufacturers usually push up the prices of these coins before launching new products — this attracts more people to mine and helps sell more mining rigs. Before the launch of new models like the Z15 pro, these coins often perform the best.

However, there is a trap in this rally: once the mining companies sell out their mining machines, profit-taking will appear. The price may fall back from the highs, with a correction down to around 510 at least. The halving trend of ZEC two years ago somewhat reflects this pattern.

Shorting these coins requires patience. A friend of mine shorted at 550, using 1x leverage, with only 20% of the total position. This setup allows participation in the downward trend without being wiped out by sudden rebounds. When selling pressure appears around 560, there will naturally be opportunities for a pullback.

Key takeaway: Believing in the future of a certain coin does not mean you should chase it now. Historically high levels are often the points where miners and big investors take profits and exit. Once they have sold all their mining machines, it’s better to wait for a price correction before entering again — the risk is actually lower.
ZEC2.63%
BCH0.98%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
TokenDustCollectorvip
· 4h ago
It's the old trick of mining companies pushing prices up to sell off. Seeing the top at 560 and not selling, chasing higher only makes you the rookie.
View OriginalReply0
DegenDreamervip
· 5h ago
I've seen through this trick of the mining companies to cut profits early. The problem is, I know it intellectually, but when it hits 550, I still can't resist chasing after it haha
View OriginalReply0
GasFeeCriervip
· 5h ago
The old trick of mining companies cutting the leeks again. How could the key level at 560 be so easily broken? There will definitely be a shakeout.
View OriginalReply0
airdrop_whisperervip
· 6h ago
The tricks of mining companies are indeed old-fashioned. Every time a new mining machine comes out, it's the same routine. Retail investors are still chasing the high, while they have already started selling off.
View OriginalReply0
NFTragedyvip
· 6h ago
Position 560 is indeed risky; it's the old trick of miners cashing out.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)