The biggest positive news has landed, just like the end of an exam and the announcement of results. The emotions that should have been realized have been realized, and the funds that should have exited have chosen to do so.

The easing of China-U.S. relations is almost of 'top-level' importance. The market understands that such a level of positive news is difficult to come by in the short term, so many people choose to take profits.

However, looking back, although some are selling, there isn't particularly bad news weighing down the market—conditions for a crash do not exist.

Bitcoin is currently hovering around $100,000, with support at the $99,000 level. The expectation of interest rate cuts from the Federal Reserve is still hanging in the air, neither realized nor able to drive new trends, and the market lacks a new 'story.'

A cooling of short-term sentiment and entering a consolidation phase is normal. The next opportunity will have to wait for new catalysts to emerge.