#美国证券交易委员会与商品期货交易委员会在加密资产监管领域的协作 $PIPPIN This wave of operation, I went short directly at the 0.57 level——this is not based on intuition; the market itself has already signaled risk.

At that time, the price was rising rapidly, but there was a problem with this ascent. The high point was indeed being pushed higher, but the trading volume did not increase in tandem. Both the 4-hour and 1-hour timeframes showed divergence at the top. What does this indicate? The bulls are trying hard to maintain the rally, but there is a lack of genuine capital support behind it; most of it is driven by emotional factors. Looking at the structure makes it even clearer——around 0.57 is exactly the area of previous dense trading accumulation, with enormous resistance above. The volume and price are not matching up, so the probability of continuing to push higher is low.

The core idea of this short position is simple: bet that the bulls are starting to weaken, not that it will suddenly surge. The trend has been quite predictable—after the price breaks below key moving averages, the rebound loses momentum, and each upward attempt becomes an opportunity for the bulls to offload.

That's how the market works. The technical logic is clear, and those with strong execution have already profited.