7.8 ZEC Analysis

ZEC dropped sharply from 511 to 461, a decline of more than 50 points, then rebounded only to 47, a retracement of just 33% of the previous drop, far below the Fibonacci strength level of 38.2% (around 480.6), and did not even touch the round level of 480.
The rebound candlestick body is short and small, with a clear upper shadow; the price quickly fell back to around 470, nearly swallowing the entire rebound result, and volume also saw no effective increase—this is a typical dead cat bounce. Bulls are weak, positions are trapped above heavy resistance, and it is highly likely that the price will drop to 460 or even 450 in the near future.
Operation suggestion: Short at 490-510, targets 470-450-430. Medium-to-long term, look at the 400 level. $BTC $GT $SOL