Zcash (ZEC)'s price performance is closely related to Bitcoin dominance. Currently, ZEC is quoted at $237.41, with market liquidity stable. Bitcoin's strong absorption of liquidity puts pressure on ZEC, but the demand for privacy technology and ecosystem upgrades support its outlook. In the medium term, if Bitcoin pulls back, it may challenge the $280-$300 range, but it also faces regulatory, technical, and macroeconomic risks. Investors should adjust their strategies flexibly.