Last night's non-farm data was favorable, but Bitcoin couldn't rise. Recently, news of interest rate cuts and hikes has been constant, yet the market remains calm. This is not due to the traders making mistakes or software issues, but rather the market has already 'spoiled' the trades in advance and has entered 'sage time'.

Good news landing is called 'expectation fulfillment', where early investors take profits and sell, and without new funds taking over, prices struggle to rise; bad news is called 'bad news exhausted', where those who needed to exit have already left, leaving only the 'iron-headed' and bottom-fishing funds, making it difficult for prices to drop. The market has entered 'garbage time', with prices fluctuating within a range and low volatility. $SOL $BNB $BTC

The core of market fluctuations depends on whether there is new incremental capital. Currently, the market is filled with smart money that enters and exits quickly, lacking 'fool' funds that can hold the fort, with both bulls and bears evenly matched.

In this environment, don't trade based on news headlines, as that would be handing heads to the main players. The market is waiting for 'unexpected' variables, such as large sums of money entering, macro reversals, extreme emotions, or violent technical directional choices. Before that, the market will continue to grind, consuming everyone's patience and washing out weak hands. Opening long or short positions is for reference only; proper position management is essential!