Binance ZECUSDT 4h Trend Prediction

The candlestick chart shows recent persistent weakness, with prices oscillating at high levels followed by a rapid decline, indicating a breakdown. The current price is approaching the lower Bollinger Band with ongoing inertial selling pressure. After the MACD death cross, the indicator has continued downward, with bearish momentum dominating. There are no signs of a short-term bottoming process. The RSI is at an extremely low level, indicating overselling; however, considering sustained high trading volume and unresolved bearish forces, it is not advisable to bottom-fish recklessly. All moving averages exhibit death crosses; after high-volume trading at elevated prices, the market quickly retraced, showing heavy selling pressure overhead. Short-term rebound momentum is limited, and the primary downtrend has not yet ended. The active buy-to-sell ratio and the long-short position ratio are both below 1, indicating that capital flow and market sentiment favor the bears. Funding rates show no significant positive signals. Technical analysis and sentiment are highly aligned toward a downtrend; the short-term bottom remains to be confirmed through sustained volume and bullish signals. Recent support level S1 is at 366.3, providing a safe margin from the current price. Short-term target zones are set between 585 and 620. Repeated testing of these levels with no clear accumulation by bulls may lead to further downside breaks. Trading suggestion: patiently await signs of bottom stability before considering long positions. Currently, traders may attempt short-term short trades but should be cautious of diminishing downside space, with strict stop-losses above 620. Frequent bottom-fishing or chasing rallies are not recommended; overall, maintain a defensive posture.