Looking back over the past few days, it is almost incredible that in less than a week, we have shifted from a previously pessimistic mood to an optimistic one, from bear to bull. What does our information landscape reveal? It is the breakdown of talks between China and the U.S., skyrocketing tariffs, and the uncertainty of Trump's unpredictable moves.

In simple terms, the news we receive is not second-hand information; it's 19th-hand information. Is the rise of ETH based on expectations of reconciliation? Did the rise of $ETH only occur after the negotiation results were released? We can refer to this intermediate process as information deficit. The market will trade in advance; who will trade in advance? The primary source of information and logical predictions about the future.

However, for us, we should try not to trade based on news, as there is a delay in the information. Today’s negotiation results were released, and $BTC did not continue its previous strength, instead quickly stretching and then retreating. There is a saying in the market called “good news hitting the ground.” News can be manipulated with false information to deceive.

A week ago, everyone’s expectations were for no interest rate cuts in June, skyrocketing tariffs, and a liquidity crisis. The market manipulators used this information deficit to create traps, forcing everyone to give up their chips, and began a violent pump, only to release news of reconciliation when the market was confused. This illustrates the limitations of trying to trade based on news for ordinary people. According to this logic, can we infer that when everyone feels that interest rate cuts and a major bull market are imminent, the market suddenly comes to a halt? One can only say that we must not rule out this possibility, but trading should not rely on guessing; trading based on predictions is too subjective and is not recommended.

For everyone, I believe the best indicator is to look at trading volume. The overall trading volume of the market does not lie; when funds enter, trading volume increases, and when funds exit, trading volume decreases.