The ZEC M-top pattern this time is textbook standard, and it has now dropped to the 300 line. I still remember when it fell from 750 to around 600, I publicly expressed a bearish stance. As a result, the comment section exploded with various voices coming in - some confidently claimed it would rush to 1000, aiming for 5000, and even some seriously analyzed that ZEC would take over the privacy function of BTC.

But those who understand a bit know that the real leader in the privacy coin sector has always been XMR. The recent surge of ZEC, to put it bluntly, is just because the market cap is light and the operators can manipulate it easily, making it convenient for them to offload. It's a pity that some people really believed in that grand narrative, and now they are stuck at the peak, unable to move.

Recently, a prominent figure opened a long position at the 450 level, and I had mentioned at the time: once it breaks below the key support of 420, it will head straight to 300 without discussion. It seems that this judgment has basically been fulfilled. I have already closed my short position at a suitable point—while the market may continue to decline, I don't want to be greedy for that last bit of profit, it’s better to leave it to the market.

Next, the other target I have my eye on is ASTER. This chain relies on subsidies and inflated data to sustain its current market cap bubble, which simply cannot be supported. Of course, retail investors who are holding positions now have started to curse me again, but it doesn't matter. Just like those haters when ZEC was at 600, the market will eventually provide an answer. The only difference is: ZEC holders might have a chance to break even by 2028, but for ASTER... that's hard to say.