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#美国消费者物价指数发布在即 Zcash Technical Analysis
Looking at the 4H chart, ZEC recently surged above the upper resistance band, but there was no further upward momentum, instead starting a correction wave. Overall, the current rhythm suggests maintaining a high-short strategy.
Recently, macro factors have caused some disturbance, as the US CPI data is about to be released, which may boost short-term risk aversion in the market. In this context, consider short positions in the 420-426 range for ZEC, with a target around the 380 area.
Of course, closely monitor the movements of $BTC and $ETH, as their trends often directly influence the rhythm of altcoins. If Bitcoin and Ethereum remain weak, ZEC's downside potential will be quite significant.