Last night, a classic天地针 pattern appeared. Influenced by the expectation of Japan's interest rate hike tomorrow, the US stock market opened with a sharp drop, clearly indicating that funds are engaging in risk aversion. From a technical perspective, the signals are very clear.

Looking ahead, December 25th Christmas and December 26th year-end options expiration are two key time points. If the actual path of Japan's interest rate hike tomorrow aligns with market expectations, there may be a short-term rebound opportunity after a wave of negative sentiment—this is a routine emotional recovery process. But to be honest, the overall trend at the end of the month still remains weak, and downward pressure is still difficult to fully alleviate.

A quick note on the PIPPIN token. I previously warned everyone to pay attention; currently, the market makers are still heavily supporting it, and the funding rate is clearly unfavorable to the shorts. The short-term strategy is to wait for short positions to be closed at high levels, then follow the trend and go long. This way, you can both catch the gains and earn funding fees. If there’s another spike at high levels later, consider closing your position.