Recently, PIPPIN's trend has been a bit tense, with quick pullbacks happening easily. Still, patience is key. Don't rush to make moves in the short term; observe the performance in the next few days before making a decision.

Regarding market sentiment, the cooperation between SEC and CFTC regulators is worth paying attention to, as it will influence the liquidity expectations of the entire crypto asset market. As for Bitcoin, its relationship with gold has always been a topic—under the backdrop of the Federal Reserve's ongoing repo agreements releasing liquidity, the divergence in their performance may further widen.

From a trading perspective, the key coins to watch at this stage are: SOL, ETH, SQD, BANANA, AT, RIVER, KGEN, ALCH. The fundamentals and technicals of each should be evaluated separately, especially paying attention to changes in on-chain liquidity.

The overall market environment is still bottoming out, and many coins could suddenly spike or drop quickly. It is recommended to adjust your positions according to your risk tolerance and wait for clearer signals.