As of 0:40 a.m. on December 9, Zcash (ZEC) is quoted at 420. Judging from the market, this wave of upward momentum is quite strong.

On a technical level, the moving average system has come out of a beautiful long alignment, and there is also a golden cross - these two signals are superimposed, and the bullish implications are quite obvious. More importantly, when the price rises, the trading volume is amplified simultaneously, and the volume and price are very healthy, not the kind of fat pull-up.

However, it should be noted that the price has now touched the key position of 405. This is the previous high and a sensitive area for support resistance conversion. If it can stand firm and break through, the next target may be 450. From the 2-hour K-line, multiple consecutive positive lines have risen rapidly, and bullish sentiment is high; The daily line is a big yang that directly broke through the previous shock range.

The MACD indicator shows sufficient bull momentum at the 2-hour level, and the EMA short, medium and long-term moving averages are fully arranged in a bullish position, and the lower support is also relatively solid.

Comprehensive judgment: The short-term ZEC bull momentum is strong, and there is a lot of room for further upward exploration. In terms of strategy, it is recommended to focus on going long and supplemented by shorting.

**Reference Points:**
Long order: 390 entry, 375 increase position, stop loss 365, target 420
Short order: 420 entry, 435 increase position, stop loss 445, target 390

The above analysis is based on current market data and handicap trends, does not constitute investment advice, and is for reference only. The market fluctuates greatly, and the operation needs to be cautious and at your own risk.