Recently, there have indeed been quite a few movements in the crypto world. Let's go through them one by one.

ZEC today directly surged above $463, nearly an 8% increase. From a technical perspective, the RSI has already skyrocketed to 84, which is well into the overbought zone. Trading volume is holding up, but the problem is—such extreme technical indicators often signal an imminent reversal. The short-term market atmosphere is highly speculative, and whether the rally can continue is doubtful; a slight misstep could easily lead to a trap.

BTC is even more interesting. Today, $28 billion worth of options are expiring. It was expected that there would be significant volatility, but instead, Bitcoin has been oscillating within a range, with a decline of less than 1.42%. This strange calm is actually more concerning—it could mean that the major players are positioning for the next move, or that the market is gathering strength, waiting for a new catalyst. Opening positions recklessly at this point carries substantial risk.

Also, a word of caution regarding BNB. Recently, payment risk controls have indeed tightened. There have been numerous cases of accounts being directly banned through certain channels in China, and the channels for RMB inflows and outflows are also being restricted. These policy changes are quite significant, so if you want to participate, you should stay extra vigilant.

Overall, today’s market may seem lively on the surface, but every corner hides risks. The overbought signal for ZEC, the strange calm in BTC options, and the tightening of payment policies—all are not minor issues. The best strategy for retail investors is to observe more, make decisions slowly, and avoid being led by short-term fluctuations.