$LAB In 24 hours, it surged 25.85%, from 8.7 to 11.39, with a trading volume of 288 million. But don't rush to declare the bull's return. I dared to say this only after reading last night's Fed minutes — this rebound is a different story from the US stock market. Last Friday's non-farm data came out, with the unemployment rate at 4.5% exceeding expectations. The S&P 500 plunged 0.8% that evening, and Bitcoin also dropped 2%. But $LAB moved in the opposite direction, strengthening. What does that mean? It is not a risk asset moving in sync with the US stock market, but follows its own narrative logic. I calculated the correlation: over the past two weeks, the 24-hour correlation coefficient of $LAB with the Nasdaq is only 0.31, while its negative correlation with crude oil is -0.47 — this coin is benefiting from the asset revaluation dividend under the expectation of cooling inflation. The Fed minutes' statement that "most participants believed that rate cuts should be paused at some meeting" was interpreted by the market as a soft landing. The 2.7% rise in copper prices last night is evidence. $LAB's trend is highly synchronized with the London copper cycle. You can see that its previous high of 14.5 exactly corresponded to a copper price of 8800. Now copper has rebounded from 8200 to 8550, and $LAB still has room. But don't be a mindless bull. At present, 11.25 is near the 24-hour high, and it's hard to set a stop loss if you chase it in. I prefer a limit order strategy: place a 0.5 position on a pullback to the 10.8-11 range, with a stop loss below 9.8. Take profit first at 12.5, which is the previous high resistance. If the US stock market opens higher tonight, it could reach 13.2. Position size should not exceed 5% of total funds; this coin's volatility is three times that of BTC, and a 10% drop on a spike is normal. Technically, volume has increased but fund flows show net inflow from major players is only 4 million, indicating the rally is driven by retail FOMO. If tomorrow's CPI exceeds expectations and copper plunges from highs, $LAB will catch up on the downside. Don't just look at the chart; keep an eye on Wednesday's CPI data and copper futures settlement prices. P.S. I analyze data from the Wall Street Morning Brief every day. Follow me, and I'll send a signal half an hour before the next rate hike window.