#数字资产市场动态 ZEC's recent performance has indeed attracted attention—breaking through the key resistance level of $460 directly, with trading volume surging accordingly. The community is buzzing, and some are even shouting for a $600 target. However, behind this rally, it's worth taking a calm and rational look.

From a technical perspective, risk signals are already quite evident. The RSI indicator has soared to 84, firmly in overbought territory; the price has even broken above the upper Bollinger Band—this is not a healthy upward trend but a warning sign of a short-term rapid increase. Retail investors are exuberant, chasing the highs with relentless enthusiasm, but what about the smart money? They are quietly positioning for an exit. Even more concerning, large holders are holding significant short positions, leading to unprecedented market divergence.

On one side, retail investors are celebrating bullishness, while whales are preparing to short. This opposing setup often hints at something. A one-sided bull market wouldn't have such a standoff; it resembles a carefully orchestrated trap—driving up the price, enticing follow-on buying, and ultimately harvesting the gains.

The key is to recognize that the unrealized profits shown in accounts are just paper gains; real profits only count when you cash out. This wave of ZEC's rally is very likely a short-term spike designed to lure retail investors into the trap. The market's frenzy often precedes a risk explosion.