#比特币与黄金战争 $PIPPIN why is it stuck oscillating between 0.49 and 0.52 repeatedly? That's a good question. From the market performance, it's mainly large investors accumulating at low levels while inducing retail investors to chase higher to create trading volume and popularity. Once retail investors follow in, the price may suddenly reverse, and the main force will take the opportunity to distribute. This is a typical shakeout pattern—using oscillation to wear down retail investors' psychological defenses.

From a technical perspective, the probability of $PIPPIN breaking through the current high is not optimistic. The lack of new positive catalysts and insufficient market capital inflow are significant issues. Short-term upward space is limited, and the rebound height may be modest. If you previously shorted at high levels, maintaining patience and holding is a reasonable choice—there's no need to rush to close the position; waiting for trend confirmation signals is more important.

However, a reminder here is that during holding periods, you should pay attention to two indicators: first, whether trading volume can match price movements; second, whether new breakdown signals appear. If volume continues to decline or breaks below support levels, you should reassess your position. The essence of trading is risk management; there's no need to stubbornly stick to a single direction.