$ZEC This rally feels like it’s really run out of steam and can’t move higher anymore. In the short term, I’ll keep a bearish bias.

From the market action, momentum has clearly weakened. Some funds directly dumped 3万 into a short, and the target area may need to retreat back to around 200. The expectation for this pullback is still quite strong.

But everyone trading shorts also needs to watch the risks—don’t go too heavy, and keep following how the price action changes around this level.