PIPPIN's bullish momentum this time is quite good. Just from the funding fee alone, it has already earned several hundred US dollars, and it is quite difficult to move directly downward from the current position.

From a technical perspective, it is most likely to first enter a sideways consolidation range. The market needs time to complete the turnover and accumulation of chips, and this process usually lasts for a period of time. Once the chips are fully exchanged, there will be an opportunity for a subsequent upward surge.

It is still recommended to hold the position and not to operate frequently. Patience in this kind of market often leads to better returns. Under the continued easing of the Federal liquidity policy, the long-term logic of risk assets remains intact.