The current market’s core focus is entirely on the follow-up trajectory after tomorrow’s U.S.-Iran ceasefire agreement expires.

Whether it will continue to move peace talks forward and ease tensions, or whether contradictions flare up again and fighting rekindles—this has become the biggest variable in the market right now.
At present, the U.S. side’s negotiation representatives have arrived in Pakistan, but Iran has not yet taken part in the second round of consultations. Whether both sides can return to the negotiating table and decide the direction of short-term market sentiment directly.

Dragged down by geopolitical uncertainty, the overall market maintains a choppy, range-bound, sideways consolidation pattern. Market funds generally stay on the sidelines, and everyone is waiting for the shoe to drop. On the execution side, for now it is still recommended to focus on short-term, fast in-and-out trading.

From the perspective of the clearing and liquidation structure: BTC, ETH, and SOL currently have an advantage in long-side funds, with ETH and SOL showing higher concentration of chips, and relatively stronger long-side support.
But it’s worth noting that yesterday crypto ETF funds saw a net outflow of about $22 million, which is enough to show that institutional funds are also cautious and staying on watch—waiting until the U.S.-Iran situation becomes completely clear before choosing a directional allocation.

Even though the broader market saw a rebound yesterday, the potential risks in the news have not been eliminated, and uncertainty remains.
My personal thinking still leans toward steady and conservative: once tomorrow’s ceasefire agreement expires and conflicts escalate again, volatility will hit global financial markets, and it will be difficult for the crypto market to stay immune. It will most likely be dragged down by risk sentiment again, putting renewed pressure on prices and weakening further. In terms of execution, you must be extra cautious to manage your position sizing.$BTC $ETH #Gate13周年现场直击