Although the US and Iran signed the agreement yesterday, the market did not buy into it, and the overall market remained relatively calm, without the strong rally everyone expected.

It's actually not hard to understand; after all, this is not the final agreement, and both the US and Iran have lacked trust for many years. The market is worried that there might be further changes or even a new reversal later on, so funds are still quite cautious.

Additionally, Israel remains the biggest unknown. If Israel continues to take action against Lebanon, the Middle East situation could escalate at any time. Therefore, until these uncertainties are resolved, the market will find it difficult to truly loosen up and rally.

From the market perspective, the current daily chart still shows mainly sideways consolidation, with no clear signs of a trend reversal. In simple terms, everyone is waiting—waiting for the US-Iran developments and for the situation to become clearer before deciding on the direction.

In terms of trading strategy, the old approach still applies: quick in and out in the short term, controlling position sizes, and $BTC not rushing to chase the highs.