ZEC's recent rebound has reached a critical point, with momentum clearly weakening.

From a technical perspective, ZEC has several shorting opportunities in the 425 to 435 range. Set stop-loss above 447; if it breaks through, it indicates that the bulls still have strength, and you should exit your position. If it declines as expected, the first target is around 405, with subsequent support at 382.

Why make this judgment? The key is that ZEC has entered a previous supply zone, where selling pressure is particularly strong. Looking at the hourly chart, it's clear that each upward push is met with rejection, with long upper shadows appearing repeatedly, indicating that sellers are not giving any room for upward movement. More importantly, during this rally, trading volume has not increased in tandem with the price rise, which is a classic sign of price-volume divergence.

Although the overall market has shown some signs of warming, ZEC's own upward momentum has significantly weakened. As long as it cannot hold above 440, this rebound is likely just a technical correction, with a higher probability of a pullback later. Establishing short positions in this strong resistance zone is indeed a good opportunity.