#BTC与代币化贵金属对比 Recently, ZEC's performance has been quite promising. On the 4-hour chart, it has displayed a clear bullish stance, with the current price at $431.25. The intraday trading range is between $421.10 and $449.99, and there has been a net capital inflow of 1.52 billion yuan. The volume and price movements are well coordinated, and buyer sentiment is evidently supported.

From a technical perspective, using Bollinger Bands analysis, the price has already approached the upper band. The middle band is at $398.9, which provides short-term support; the resistance lies at $471.19. The channel is currently expanding, indicating a typical bullish trend pattern.

**Operational plan:**

For entry, consider gradually building long positions between $428 and $436, relying on the current level and short-term support to set up the plan.

Looking upward, the short-term target is set at $478, which corresponds to the expected rebound potential and the extension of the channel pressure.

In terms of risk management, the line at $418 must be maintained. If it breaks below, it indicates the short-term bullish structure has been compromised, and you should exit quickly. Stop-losses must be strict.