ZEC has been quite volatile recently. The personnel changes in the core development team have caused significant fluctuations in this coin in the short term, even whales are adjusting their positions opportunistically. However, speaking of which, this round of decline is mainly a trust issue; technically, there are no major problems.

Zcash's zero-knowledge proof technology remains one of the best among privacy coins, and users who truly need private transactions will continue to demand it. The market is currently digesting bad news, and once sentiment stabilizes, a new equilibrium will naturally be found. Plus, the recent surge in privacy coin popularity provides strong support for ZEC.

Honestly, for long-term bullish traders, this dip is an opportunity. Although things are a bit chaotic in the short term, based on technical fundamentals and ecosystem activity, there is room for a rebound.

Looking at the technical side of BTC: the current price is at 431.15 USDT, with support at 419.1 (3.34% below the current price), and resistance near 438.66, which needs attention. If you want to enter, you can place a short order near the resistance level; if it breaks through, remember to set a stop-loss. Risk management should be well handled.