Garrett Jin: Closes $105M BTC Long to Short ZEC

Garrett Jin closed his entire 1,332 BTC long position worth $105.4M for a $2.7M profit and shifted fully into a 39,760 ZEC short now valued at $46.65M with liquidation at $2,540.28.

Price action on the 4h chart shows ZEC holding a bullish structure above the EMA50 at $989.37 and EMA200 at $759.12 while MACD prints a golden cross at 74.46; with the market trading inside the Bollinger band and RSI at 65.61, the upper band resistance at $1,271.96 remains the near-term target before any deeper pullback to the $989 EMA50 support zone.