#数字资产市场动态 Staring at the ZEC intraday chart, my eyes are exhausted after a whole day. The price is fluctuating within the 443 to 450 range without any clear pattern, moving up and down like a mechanical operation, completely lacking direction. The trading volume is extremely dull, with trading activity too cold; even during normally active periods, the market remains dead silent.

This is a classic case of bluffing. The candlestick patterns look neat and tidy, but there is no capital support underneath. A closer look at the volume-price relationship reveals that divergence signals are already quite obvious—breakouts during such times are almost certainly false breakouts.

Even more critically, the daily chart has long shown a bearish engulfing pattern. The market’s warning signals have been there for a long time; it just depends on who is willing to face them. Many traders turn a blind eye, fantasizing that miracles will come on their own.

From a technical standpoint, the 443 line is the last support. Losing it would open up space below in one go. The multiple attempts to test above 450 have all failed, indicating how strong the resistance is.

Having traded for so long, I’ve discovered a pattern: most people are waiting for a trend, while those who truly make money have already laid their traps. For the current ZEC, instead of expecting a surge, it’s more pragmatic to treat it as a range-bound asset and operate accordingly.

You might try a small short position around 448; or short-term rebounds near 443. Other overly speculative strategies are not very reliable in this market environment.

When will this deadlock be broken? It all depends on trading volume. Without volume, all fluctuations are empty. Given the current dull trading situation, it may take some time before any change can brew.