I just asked AI and it seems to be looking at the void. Does everyone have open orders?

Regarding the trend of ZEC and the opening order trend, the market currently exhibits strong bullish momentum alongside noticeable short-term factors.

Dimension Bullish View (Opportunity) Bearish View (Risk)

Technical Indicators The moving averages are in a bullish arrangement, and MACD has shown a bullish crossover. The weekly RSI is as high as 94.24, at a historically high overbought level, indicating a significant risk of a pullback.

Price Momentum Is within a steep parabolic ascending channel; if the trend continues, it may rise to $900-$1000. Historically, entering the overbought area usually leads to a deep pullback of more than 45%-90%.

Market Sentiment The number of open contracts in futures has reached a historical high, with long positions dominating, indicating a strong bullish sentiment in the market. Spot trading volume indicators show that the market has entered an "overheated" zone, with excessive retail activity as a warning signal.

⚠️ Important Risk Warning

Before considering any trading decisions, please pay special attention to the following points:

· Extreme overbought is the biggest risk: Almost all analyses emphasize that ZEC's weekly RSI has set a historical record. In such an extreme overbought state, prices are very fragile, and any negative news or profit-taking could trigger a rapid and deep decline, potentially exceeding 60%.

· Use leverage cautiously: The risk of using high leverage is extremely high during increased market volatility and clear reversal signals. Analyst Altcoin Sherpa believes that the current situation might be an "excellent shorting opportunity" and could face a "violent end".

💡 Trading Idea Reference

· Key Price Levels:

· Support Levels: Closely monitor key support levels at $500, $511, and $360. If the price falls below these levels, especially $360, it may indicate that the upward trend has been broken, and the pullback could deepen.

· Resistance Levels/Target Levels: The critical psychological resistance level above is at $750, with a stronger target range at $900-$1000.

· Two Scenario Assumptions:

· Bullish Scenario: If the price can successfully rebound from the current lower track of the parabolic channel or the 20-day moving average, accompanied by healthy trading volume, then the upward trend may continue, and you can consider following the trend, but be sure to set stop-loss orders.

· Bearish Scenario: If the price falls below key support levels (such as $500) or shows other signs of technical weakness, the likelihood of a deep pullback will significantly increase.

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