ZEC's recent trend has indeed been somewhat awkward. It was previously gathering momentum to break through the 420 integer level, but instead, it slipped back to around the 424 cost basis. This kind of pullback definitely warrants caution; a conventional approach would consider moderate profit-taking to mitigate risks.

Fortunately, the market responded relatively quickly, and the price did not worsen further. The sharp drop actually appeared decisive. Some small positions have already been cleared out. To put it another way—what remains are the truly desired holdings. The main position of over 60,000 USDT is still held as planned, showing some resolve.

Interestingly, during this period, the related coins DASH and XMR have surged quite strongly, but this momentum surprisingly did not lift ZEC to rise in tandem. This indicates that the internal differentiation within the privacy coin sector is quite pronounced. Based on this signal, the bearish outlook on ZEC remains unchanged for now, but the aggressiveness of the strategy will be adjusted—holding cautiously rather than aggressively shorting. The market always has reversals, but before confirming the trend, it’s wise to leave some room.