2026-01-10 08:24:12

ZEC experienced a sharp decline. As soon as news broke that the core development team of Electric Coin Co. resigned collectively due to governance disagreements, the market instantly exploded—leverage was forcibly liquidated, retail investors panicked and sold off, resulting in a brutal sell-off. Some traders profited significantly from shorting during this drop. The question now is, what’s next?

It looks like a classic combination of whale traps and leveraged liquidation. My judgment is that there will be a rebound, with the price likely returning to the supply/liquidity dense zone around 392 to 416 (roughly near 400), and then... another even sharper decline.

If you also bearish on this rebound, this is a good entry point:
Enter between 392 and 402. After it rebounds, you can add positions in batches between 408 and 416. Place your stop-loss at 428. As for targets, I’m looking at 383, 371, and 358. An even more aggressive approach is if ZEC drops below 369 and stabilizes below that level, then don’t wait for a rebound—go short directly.

Looking further down, if panic sentiment continues to ferment, support levels to watch are these depths: 345 to 340 as the first support, 330 to 320 as a deeper buffer, and 305 to 300 as a psychological threshold. In extreme cases, if overall market risk aversion explodes, extremely low points like 285 to 275 are also possible.

By the way, many are also worried about BCH. Indeed, BCH is also a PoW mining coin, and during periods of market liquidity crunch and leverage liquidations, it can also be dragged down. But ZEC was hit hard this time for a specific reason—the sudden collective resignation of the ECC team is a clear catalyst. BCH is different; its development is more dispersed, with multiple teams and implementations operating independently. There’s no scenario like a "core company collectively withdrawing," so the probability of a news-driven crash is lower. However, can BCH remain unaffected during a market downturn? That’s wishful thinking—liquidity tightening will still pull it down along with everything else.

In summary, stay alert and don’t be fooled by small rebounds.

ZEC2,59%

BCH-5,48%

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RektRecorder

· 01-10 08:53

ECC said it's over once it's over, this move is indeed brilliant... But it feels like this rebound trap is quite deeply laid out, the real decline might still be ahead. That 392 level is indeed a good entry point for a short position, let's see if retail traders get fooled again by the rebound, haha. By the way, BCH also seems to be trembling, when liquidity tightens, no one can run. Stop talking, I've already set my stop-loss order at 285. ECC directly shattered ZEC's confidence in this wave... technical lines can't save it anymore. This is truly an extreme situation, see you at 285.

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airdrop_huntress

· 01-10 08:53

Really, ECC's collective resignation operation this time is brilliant... it directly crashed the market. I totally understand those who got liquidated; leverage is really just about ready to give away money at any moment. Rebound to around $400 and go short—I'm on board with this idea, just see who can catch this point. BCH probably won't escape either; when liquidity tightens, everyone has to follow and get sacrificed. The key is not to be too greedy; take profits when you see gains. There really is an opportunity to short this time, but never hold onto a losing position. The market is so chaotic, stop-losses must be strictly enforced. Wait for the rebound before acting, no need to rush. This round of decline is a feast for chopping the leeks... it's a bit tragic.

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ContractCollector

· 01-10 08:47

Damn ECC collectively resigned, this move is brilliant, no wonder ZEC was hammered so badly --- Isn't anyone curious why they suddenly turned hostile? Are governance disagreements this serious? --- Is it really reliable to rebound to around 400 and then short again? Feels like someone will defend the market --- If the 285 low point really drops, the entire market will be in trouble --- Is the decentralization of BCH development actually an advantage? I need to think about this logic carefully --- How many people's positions were liquidated in this leveraged forced liquidation wave? Tell me about it --- Don't be fooled by the rebound... Brother, you're so right. Last time, we got caught here

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MetadataExplorer

· 01-10 08:36

The ECC team collapsing immediately means it's over, this time they really brought it on themselves. Rebound to 400, it's time to run, don't be greedy. Damn, I have to wait for the next round of decline... If you ask me, this is just whales doing a shakeout, the tactics are so old-fashioned. Although BCH is decentralized, it can't escape either, sharing the same fate. Can the psychological barrier of 305 really hold? I'm a bit curious about what happens next. Don't ask me how I operate, anyway I am bearish on this rebound.

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ProtocolRebel

· 01-10 08:32

Damn, ECC is going on a collective strike, this move is really ruthless. Retail investors are truly being completely wiped out. Before entering a short position, make sure to set your stop loss; don’t be fooled by the 392 rebound. This is a classic case of a black swan + leverage double kill. ZEC this time is a collapse caused by human factors; don’t bother looking at the technicals, just wait to be smashed down to 285. Even if a rebound comes, don’t be greedy; selling in batches is the way to go. The ECC team directly turned ZEC into a time bomb with this move—who would dare to take over? Enter short at 392-402, simple and brutal, just waiting to see if it really drops to 305. Honestly, ZEC right now is like a victim of a trust crisis; the fundamentals are already shattered. When liquidity tightens, BCH will also follow as a sacrificial lamb; PoW coins have to accept their fate. Don’t think that a rebound means the bottom; such news-driven drops often go even harder than you expect.

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