The biggest annoyance in the market right now isn't bad news, but bad news bouncing back and forth.

The market is very clear:
On one side, Trump says he wants to negotiate,
On the other side, the risk of the Strait of Hormuz still exists,
The result is that both the US stock market and the crypto market are acting up together,
Rising first, then trembling.
For the crypto market, macro uncertainty is still present, and a rebound is just a trading opportunity, not a trend reversal.
BTC surges a bit, showing a bit more courage; after the surge, it trembles again, indicating that funds are still hesitant to go all-in.
This is a market based on negotiation expectations.
As long as people believe negotiations are possible, it will bounce;
As long as blockades, oil prices, and war issues remain, don’t expect smooth sailing.
So don’t guess the top or bottom, focus on three words: negotiation, oil prices, liquidity.
That’s the real remote control.