Today, the market's main focus is on the future direction after the US-Iran ceasefire agreement expires tomorrow—whether to continue negotiations or to restart fighting.

Currently, the US negotiator has arrived in Pakistan, but Iran still refuses to participate in the second round of talks. Whether they can sit down again for negotiations has become the key to short-term sentiment.

As a result, the major indices continue to fluctuate and consolidate, with everyone mostly waiting. In terms of trading, it's still advisable to maintain a short-term approach.

From the liquidation map, BTC, ETH, and SOL are all favoring the bulls, especially ETH and SOL, which have more concentrated chip distribution. However, yesterday, crypto ETFs experienced a net outflow of about $22 million, indicating that institutions are also observing in the short term, waiting for clarity on the US-Iran news.

Although the market rebounded yesterday, the news remains uncertain. I personally recommend a cautious approach. If the ceasefire agreement expires tomorrow and the conflict escalates again, global financial markets could become volatile, and the crypto market is likely to be dragged down and continue to decline.
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