ZBT's recent decline has been quite fierce. Dropping from 0.1726 to the current level, the 1-hour and 4-hour moving averages are both in a bearish alignment, leaving no room for a rebound. The MACD has already crossed below the zero line, indicating no technical support at all.

More importantly, on the funding side, contract open interest has been continuously plunging, feeling like the whales are dumping aggressively during rebounds. Large traders' short positions account for a high proportion, and active sell orders haven't stopped. Under this selling pressure, the price simply cannot hold.

Currently, the 0.128 level is a continuation of the downtrend; breaking below 0.10 or even lower is possible. For trading, it is recommended to hold a light short position, with a stop-loss safely placed above 0.135. The initial target is 0.10; if it breaks, the decline could continue further. In this kind of rapid surge followed by a sharp drop, rebounds rarely produce a decent trend, so holding short positions generally means capturing profits.