I recently focused on PIEVERSE's trend movement. After pulling back from the high of 0.9406, bearish characteristics have become increasingly evident. Looking at the moving average distribution across various timeframes, they are all pointing downward. The MACD has also given a death cross signal, and the downtrend momentum shows no signs of weakening, indicating that selling pressure continues.

From the perspective of capital flow, the situation is more interesting. Large holders' short positions are steadily increasing, with particularly prominent active selling actions during the high period. In contrast, retail investors' ability to chase highs and catch falling knives clearly cannot keep up, and this imbalanced situation often foreshadows a continued weakening trend. Following this pace of development, the decline has a high probability of continuing. In the short term, the key level to watch is the support zone at 0.85. If this is effectively broken through, we should expect the market to probe lower, targeting the critical support at 0.80.

In this current market atmosphere, my idea is—rather than chasing the trend, it's better to wait for a rebound to appear before positioning short orders, as the timing is often better. However, the prerequisite is that we must strictly implement stop losses, because there may be false rallies in the short term, and if not careful, it's easy to get stopped out. So mentality must be stable.