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#BTC突破86000美元关口

$ZEC This move fell from 1,699, a correction of roughly 20%, with the current price at 1,367. After rising 15-fold, a 20% pullback is honestly no big deal in crypto.

The moving-average system still shows a bullish alignment, with the 50-day EMA firmly above the 200-day EMA. RSI has retreated from the previous overbought zone to a neutral-to-weak level. There is indeed a need for a short-term cooldown, but the medium-term trend structure remains intact. The daily MACD histogram has turned green, indicating short-term weakness, but the Bollinger Bands are narrowing, with the 30-candle range compressed to below 5%. This kind of low-volatility compression is often a precursor to a trend change. The key support zone to watch is 1,280–1,330, where long-term moving averages converge. As long as the daily close does not break below 1,233, the uptrend remains intact.

The underlying logic behind this surge is not pure speculation. The NU7 upgrade has been activated on the testnet, cutting block time from 75 seconds to 25 seconds and directly tripling speed, while reducing issuance per block to one-third, leaving the actual daily increase in supply unchanged. Community voting showed 99.9% support, with 98.9% backing Bitcoin-style halvings, and the hard cap of 21 million coins is firmly locked in. The shielded pool holds approximately 30% of the supply, making the actual circulating float considerably smaller than it appears.

There have also been major changes on the regulatory front. In January this year, the SEC officially ended its investigation into the Zcash Foundation, which had lasted more than two years, with no charges filed. After the Grayscale ZCSH spot ETF was approved, it attracted more than $300 million in net inflows at one point. Although the ETF saw $93 million in outflows over the past week, that reflects short-term profit-taking rather than a trend-reversal signal.

The broader market environment is providing a tailwind. Bitcoin is holding firmly above $85k, having risen more than 40% in Q3, while Citi raised its 12-month price target to $113k. Core PCE data came in below expectations, easing rate-hike pressure, and the bottom support for risk assets remains in place.

My view on trading: chasing the current price offers an unfavorable risk-reward ratio, but sitting fully in cash and waiting is not wise either. The 1,280–1,300 support zone is worth entering in batches, with a stop-loss below 1,233. If the price stabilizes and volume expands around 1,300, the first target is the 1,500–1,600 range. The amount of altcoins flowing into exchanges over the past seven days hit a new high since last October, so short-term profit-taking pressure is indeed present. Don’t go all in; keep some ammunition to deal with sudden wicks.

This round of capital rotation into the privacy sector is not short-term noise. Money flowing out of the AI sector is now pouring into privacy coins. #ZEC The story of going from 60 to 1,700 has finished its first half; the second half is just beginning. A pullback is not giving you a chance to get on board—it is giving you a multiple-choice question: trust the story or trust the candlesticks.$ZEC