Earlier, when ZEC was highly popular, I followed the trend and opened a small position. Later, as market enthusiasm waned, I kept observing from the sidelines but never found an ideal point to add to my position. My current view is that staying on the sidelines is the more prudent approach.

From a technical perspective, ZEC and FIL share similar underlying logic—they both belong to the mining coin category. The price performance of such coins is often closely linked to the mining machine sales cycle and changes in network hash rate. Recently, the hash rate has remained relatively stable, indicating that there has been no significant supply shock in the market. In fact, the market is still being controlled by major capital players.

In this situation, rashly shorting is not a wise move. The real potential window for shorting is probably around April 2026—that's when a new wave of large-scale mining machine shipments is expected. Alternatively, when ZEC's mining difficulty experiences a significant increase, similar pressure may arise. At that time, the cost pressure on retail miners will become apparent, and liquidity might loosen. During this phase, targeting those high-cost mining machine buyers alongside market major players offers a relatively more confident trading opportunity.