In my view the two colors red a white in bobble hat depicts the following Bibilical verses :
White bottom band signifies all are born righteous and I quote ; Mark 10 : 14-15. When Jesus saw this, he was indignant. He said to them, “Let the little children come to me, and do not hinder them, for the kingdom of God belongs to such as these. I tell you the truth, anyone who will not receive the kingdom of God like a little child will never enter it.”
Red depict persecutions and I quote ; John 20-Remeber the words I spoke to you : ‘No servant is greater than his master.’ If they persecute me, they will persecute also. If they obeyed my teaching, they will obey yours also.
White bobble pompom at the top indicate only a few will triumph ; Luke 23-24 . Someone asked him, “Lord, are only a few people going to be saved?”
He said to them, “Make every effort to enter through the narrow door, because many, I tell you, will try to enter and will not be able to.