In the crypto world, one day is like a year in the human realm. If you can't understand the emotions behind the candlestick chart, you'll just end up being a harvested leek! Today, I opened the trading software and looked at the 4-hour chart of PIPPIN/USDT, and the trend looks like a roller coaster, with funds playing a 'heartbeat game' amidst the red and green. Let's dive into this candlestick and see what lies behind it!


1. Technical Analysis: Short-term 'overbought' alert is full, is a pullback imminent?

First, let's look at the signals from the indicators: RSI has shot up to 71.96, almost touching the red line of the 'overbought zone'! What does this mean? It's like chasing a goddess, sending flowers and milk tea every day, but she gets tired of you and wants to cool off — there are too many chips coming in at high prices in the market, and profit-taking is ready to 'run for the hills' at any time. Looking at the KDJ, the J value has hit 112.58, and K and D are also bouncing up, this 'three brothers' group is collectively overbought, the short-term upward momentum is basically squeezed dry, and the pullback risk is directly maximized!


But don't panic, the medium-term trend hasn't completely collapsed. The MACD's DIF and DEA are still lingering near the zero axis. Although the red bars haven't exploded in volume, at least it shows that 'the bullish troops haven't surrendered.' Just like last week's LDO rebound, after the MACD rubbed around the zero axis repeatedly, it still pulled off a wave of over 20% increase — as long as the key support is held, the rebound story can continue!

Two, news aspect: The 'butterfly effect' in the coin circle, can PIPPIN escape the initial stage but not the fifteenth?

Today BTC has been 'stabbing' back and forth around 92,000, the entire crypto market sentiment is like 'taking the elevator.' Altcoins are even more polarized: the DeFi sector collectively surged due to a major protocol announcing an upgrade; while the MEME coin sector was scared into a collective dive by regulatory winds.

PIPPIN belongs to the 'pan-entertainment + DeFi' crossover track. Today it can rise slightly by 1% against the trend, partly because it is riding the heat of the DeFi sector, and partly because the main forces are in 'oscillation washing' — accumulating or unloading? It depends on whether it can hold the key support of 0.35 next!


For example: Last week SAND surged due to favorable news from the metaverse partnership, resulting in RSI soaring to over 80, and was then directly smashed by profit-taking with a 'big bearish candle,' dropping 15% in three days! PIPPIN now has an RSI of over 70; if BTC plunges again tomorrow, won't it have to 'go down with the ship'? So for those looking to enter the market in the short term, don't be like a headstrong rookie chasing highs, it's easy to get stuck at the top flying kites!

Three, operating guidelines: buying low and selling high is the essence of 'survival in the coin circle'!

  • For those holding positions: If you have floating profits, take profits in batches! For example, take 30% profit first and secure the gains. Set a stop-loss for the remaining position (like at 0.35); if it breaks, run; if it doesn't break, maintain the position — after all, the medium-term trend hasn't completely worsened, and if the main forces reverse to pull up, you might regret getting off the bus!


  • Empty warehouse old iron: Don't rush to bottom fish! Wait for the pullback to the range of 0.34 - 0.35, and when the signal of 'decreased volume + KDJ turning down then up' appears, then buy in batches at low prices. Just like a cheetah hunting, you have to wait for the prey to relax before you strike; chasing highs is just giving money to the main forces!


Is tomorrow's PIPPIN 'continue to enjoy' or 'kneel on the washboard'?

Tonight keep an eye on BTC's trend; if BTC stabilizes above 92,000, PIPPIN will likely hold at the support level of 0.35, or even rebound to test the resistance level of 0.37; if BTC plunges below 90,000, and PIPPIN falls below 0.35, then in the short term, we need to 'brake and avoid risks.'


The coin circle has never been a place for 'lying down to earn,' but rather a battlefield for 'cognitive realization'! Are you willing to follow me, using technical analysis + news, to fully understand each wave of market trends? Like + follow, tomorrow morning I will be in the comments section breaking down the PIPPIN trend in real-time, let's 'fish and eat meat' together in the coin circle.

The road in the coin circle is long, don't be confused by short-term ups and downs; maintaining a steady rhythm can take you further. I am Zitan, accompanying you in this coin circle, carving out your own territory!

Twelve years of financial journey, the exclusive secret of pioneers in the coin circle: Insight into the market, steady progress, pay attention to how to steadily increase value yesterday, risks and opportunities coexist in investment, blind operation is a big taboo in the coin circle!#美联储降息 #BTC