$PIPPIN's recent performance is indeed interesting. The rate remains persistently negative, and bearish sentiment is strong, but if you observe the candlestick patterns carefully, you'll notice that each dip's lows are gradually rising—this reveals two underlying meanings.

On one hand, the support is very solid. Every time the rate drops to high negative values, funds are there to scoop up the bottom, aiming to profit from the rate and betting on a rebound. On the other hand, the oscillation range is continuously moving upward, which usually indicates that the main force is extending the battle line, expanding volatility to shake off indecisive holders.

Given this, yesterday's bearish approach should be upgraded. Instead of stubbornly holding onto a fixed point, it's better to follow the upward shift of the range. The strategy is simple: enter short positions at the resistance level, and decisively take profit and cover when the rate at the lower boundary of the range widens, rather than hoping to capture the entire market in one go.

The current market is like a meat grinder—fast-paced and highly volatile. Instead of greed, it's better to ensure survival—only by staying alive can you continue to output.