Bitcoin stands firm at $85,000, BNB targets $800, Zcash and Shiba Inu test key prices

The technical aspects of major cryptocurrencies are differentiated, and the market enters October

As the market enters October, the technical aspects of major cryptocurrencies show a mixed trend. Bitcoin is defending key support levels, Binance Coin (BNB) is targeting psychological barriers, Zcash is pulling back after a sharp rise, and Shiba Inu's bulls are trying to break through long-term resistance.

Zcash: Significant pullback after sharp gains

Zcash, a privacy-focused cryptocurrency first launched in 2016, is currently in the most significant pullback stage since its rapid surge in September. After reaching a high of about $1,680 near the end of the month, Zcash (ZEC) is currently trading close to $1,330, down about 20% in the past week. Despite the decline in gains, ZEC has achieved growth of more than 180% in the past three months.

Technical analysis shows that the US$1,280 -1,330 range is a key short-term support area, and buying has intervened in this area many times. The Daily Relative Strength Index (RSI), which was previously high during the rally, has now retreated to a more neutral level, indicating momentum is cooling. If ZEC regains the US$1,400 -1,450 area, it may start a recovery phase and may move towards US$1,500 and the previous high of US$1,680 in the future. If ZEC falls below $1,280, the next major support level will be between $1,150 and $1,200.

Summary: Zcash is undergoing a correction after its explosive rise in September, with US$1,280 -1,330 as key support and US$1,400 -1,450 as the first major rebound target.

In terms of fundamentals, market attention has shifted to the NU7 public test network, which is scheduled to go online on October 6. The upgrade will introduce faster block times. However, this performance improvement will not be implemented immediately on the main network.

Currently, Zcash as a whole still maintains an upward trend, but the steep rise period in September has ended. Market participants are closely watching whether the $1,300 area will serve as a basis for consolidation or a springboard for further declines.

Noun explanation: The NU7 public test network is Zcash's seventh major network upgrade and aims to test system changes (such as faster block times) in a controlled environment before potential mainnetworks go online.

Bitcoin: Consolidating around US$85,000

Following a rally in late September, Bitcoin continues to consolidate around the US$85,000 level, showing a stable technical environment compared with more volatile competitors. Market data shows that BTC is firmly above its key moving average, with daily RSI readings above the central axis.

Short-term resistance is marked in the US$86,000 -87,000 region, which Bitcoin has tested but has not clearly broken through. If the daily closing price stabilizes above $87,000, it will mark the beginning of a new round of gains, with potential targets looking at $89,000 and $90,000. The support level is concentrated at US$83,000 -84,000, of which there is strong technical support around US$82,000, and there is a moving average cluster in the US$78,000 -79,000 range.

Summary: BTC在85,000美元附近整理时仍保持看涨态势，若突破87,000美元，潜在目标可能指向89,000-90,000美元。

与Zcash不同，比特币并非从极端高点回调，而是保持在83,000-87,000美元的狭窄区间内。只要维持在82,000美元以上，更广泛的看涨结构就能保持完整。

Shiba Inu：多头瞄准长期阻力位

作为一种在2021年因模因文化而走红的代币，Shiba Inu在9月下旬反弹后，正在测试其最重要的阻力位之一。SHIB目前的估值为0.00000570美元，此前曾短暂突破0.00000620美元。该代币正面临0.0000056-0.0000057美元区间的长期移动平均线阻力，该区域已连续数月压制价格上涨。

动量指标表现混杂，RSI在中性区域徘徊，且交易量下降表明买方信心减弱。SHIB必须清除0.0000059-0.0000060美元的阻力区，才能重新测试9月高点。关键支撑位于0.0000055美元，更下方的支撑位在0.0000052-0.0000054美元。

总结： 若能收盘于长期阻力位之上，可能会改变该代币的技术前景，但在突破得到确认之前，复苏仍处于未证实状态。

BNB：逼近关键的800美元关口

As the local token of the leading crypto exchange Binance, Binance (BNB) maintains one of the clearest bullish trends in the market. BNB is trading at around $788, slightly below the important psychological $800 threshold. The token sits above all major moving averages and has shown higher highs and higher lows since bottoming out around $550 in July.

Although there was a brief pullback to $760 in September, buying defended at this support level and helped BNB rebound. The current resistance is at $795 -805; overcoming $805 will likely pave the way to $820 and $850. Support levels can be seen at $765 -770 and $755, with a more solid foundation in the $720 -730 range.

Summary: As long as BNB remains above US$760, its structure is conducive to further growth; but if it fails to exceed US$800, it may lead to a period of consolidation.

Assets Current Price Key Resistance Key Support Short-term trends Zcash (ZEC) $1,330 $1,400-$1,450 $1,280-$1,330 Corrections after strong gains Bitcoin (BTC) $85,000 $86,000-$87,000 $83,000-$84,000 Horizontal consolidation, biased towards bullish Shiba Inu (SHIB) $0.00000570 $0.0000059-$0.0000060 $0.0000055 Test resistance level Binance Coin (BNB) $788 $795-$805 $765-$770 Bullishness continues