#特朗普加密货币政策新方向 This pullback came in quite strong.

The bearish logic from earlier has indeed materialized, and those who positioned their short orders in advance are now reaping the rewards. A major player had a substantial position that could withstand the volatility, so they dared to enter the market early and secure their place. They have already taken profits and exited this morning.

To be honest, what we fear most in the crypto market is not being wrong about the direction, but rather that position management can't keep up. Small funds chasing highs and selling lows are easily shaken out, but if you have enough size and patience, many opportunities are actually already there. ZEC's recent movement is a typical case - technical analysis gives signals, fundamentals align, and the rest is just waiting.

Recently, the privacy coin sector has been under pressure due to a dual impact of regulatory expectations and capital outflow. It is unrealistic to expect a rebound in the short term, and any rebound may just provide an opportunity for shorts to increase their positions. Continuously monitor such structurally shortable assets, and perhaps by the end of the year, it can yield some decent returns.