ZEC this wave of market movement is impressive, rising 47.5 times from the bottom. The current question is: will there be another round?

My judgment is that the probability is quite high. Why? Just look at two data points — the heat is still very intense, with daily trading volume in the futures market reaching seven to eight billion USD. This level of activity is eye-catching in the entire market. The sharp increase in price means the trading rhythm will definitely need to upgrade; a double top on the weekly chart is necessary to fully unload the positions.

Let's break it down from top to bottom:

**Monthly perspective:** Last month's upper shadow was very prominent, giving the feeling of a straight pole — this is a weak signal.

**Weekly chart:** This is the key. The support at 325 has not been broken, and the rebound afterward has pushed the support level up to 343. Currently, it looks like a single top. If it forms a double top, the target would be around 699. Of course, it won't go straight up all the way; a pullback to shake out the traders is likely, and the daily chart's performance will determine the subsequent movement.

**Daily chart:** There are three possible paths:
1. The blue line: a double bottom structure where the right bottom is higher than the left bottom, with the neckline at 454.96. As long as volume breaks through this level, it will trigger a move directly toward 699.
2. The yellow line: if 454.96 cannot be broken, it will fall back to around 343 to form a bottom, parallel to the left bottom, then move upward again.
3. The pink line: if 455 cannot be broken, it will continue to decline; if 343 cannot hold, then this wave of market movement is truly over.

Personally, I lean more towards the first or second scenario. There are still expectations for the market to move higher, so it’s unlikely to end so quickly. Therefore, those blindly shorting should be cautious if the liquidation price drops below 750, as the upcoming risks are still significant.