$ZEC We have already regained the previous weekly low point, and the retracement level coincides exactly with the point where the long upper shadow of that weekly candle initially formed resistance. If this area can hold steady (I believe it has a high probability of doing so) and not be broken through directly, it indicates that the previous trapped positions have been largely digested, and the market is beginning to accept trading within this range. As long as this structure holds, subsequent upward movements will be much easier, requiring less effort to liberate the upper-side chips.

From a spatial perspective, aiming for the 630–650 range is a more reasonable target, as this is the area with the densest trading and the greatest divergence in the previous cycle. Only when reaching there will we truly encounter significant selling pressure.