Recently, the movement of ZEC has been quite interesting. It once again approached the 450-470 resistance zone, a price range we have repeatedly tested several times. Since I have previously taken short positions here multiple times, this time I am adopting a conservative strategy—using the profits earned earlier to take small short positions to test the waters.

I see the real shorting opportunity at 550. The resistance at that level is particularly strong, and once it reaches there, the success rate of short positions will be much higher. Currently, if I short with a small position around 450, I will set take-profit points at 430 and 410, closing in batches. The risk of a 1x short is manageable; even if caught, I can hold on, as a pullback will eventually generate profits. However, I recommend placing a supplementary short order around 550 to make the strategy more robust.

ZEC is truly a magical coin. The people who insist on buying it seem to be endless; every time it drops, it bounces back up, almost like giving away money. I have been following this shorting approach for about two months now, and for those trading ZEC shorts, the returns during this period have been quite good. The 410 take-profit target set on the 23rd was based on the idea of waiting for a rebound before opening more shorts—looking at the current trend, this plan is still in place.

After discussing ZEC, let’s look at the overall market situation. My previous judgment was that during the Christmas holiday period, institutions would be mostly on break, so a major market move was unlikely. Small wave arbitrage remains the main profit source. The resistance zone between 3000 and 3060 is suitable for shorting when approached. However, I am more hopeful that ETH can rebound once more, so we can short again then.

For detailed thoughts on the overall trend direction, please follow the subsequent technical chart analysis. Currently, I plan to start providing new assessments and updates around mid-January.