#BTC对标贵金属的竞争格局 $ZEC The recent trend is indeed worth following. From on-chain data, signs of continuous capital outflow are obvious, which often indicates that selling pressure is accumulating. In the market data, the price is gradually declining in a ladder-like manner, with resistance levels accumulating quite densely above, making it difficult to effectively break through in the short term. From a technical perspective, the lack of strength in the rebound is a clear signal. If it continues to break down, the key support at the price level of 400 needs to be closely monitored, as falling below it may open up further downward space. In this situation, the short positions seem to align better with the current rhythm, but the stop loss settings should still allow for enough buffer to avoid being shaken out.