#美联储回购协议计划 Zcash(ZEC)Technical Analysis: Resistance at Highs, Consider Shorting on Rebounds On the four-hour chart, ZEC has rallied with four consecutive bullish candles yesterday, but was pushed back at the key resistance level of 451. Currently, the candlestick has turned into a bearish candle, indicating that the bullish momentum is clearly weakening. Looking at the hourly level, the KDJ indicator is opening downward, which is somewhat aggressive. The middle band of the Bollinger Bands is still oscillating above, but the correction signal is already quite evident — the bears are trying to take control of the pace. Combining multiple timeframes, ZEC’s upward momentum is indeed insufficient. It is likely to continue facing pressure, and in this kind of market, rebounds should be used as opportunities to short. Trading idea: When ZEC rebounds to the 450-455 range, look for opportunities to establish short positions. The target range is 440-425. If it effectively breaks below 425, you can add to your position and follow the trend. $BTC $ETH

#以太坊行情解读 From a long-term perspective, $ETH 's upward trend is clear. As a key strategic asset, Ethereum's fundamentals are continuously strengthening. This is not just short-term speculation — the ecosystem development and application expansion behind it are ongoing, and market participants' recognition of its long-term value is also increasing. Investors optimistic about Ethereum mostly base their positions on this strategic outlook.

#以太坊行情解读 Last December, Federal Reserve officials' attitudes towards $BTC and $ETH experienced subtle changes. Essentially, both assets are now classified as digital commodities under CFTC jurisdiction, with no relation to fiat currency, and they are not included in the Federal Reserve's monetary policy framework. The most tangible change is that banking policies have loosened. Eligible institutions can now offer custody services for $BTC and $ETH, but with strict constraints—direct trading is still blocked, and anti-money laundering and risk control measures must be strictly maintained. Interestingly, internal opinions are not entirely unified. The hawks are still focused on risks, while the doves are more open to compliance innovation. The moderates are more pragmatic, advocating for individual approvals. This divergence itself indicates that the regulation of crypto assets is still evolving, balancing innovation and risk control. It seems the Federal Reserve is exploring a path to find a balance.