It is the last working day of May. Although the agreement between the United States and Iran is still in negotiation, there have been increasingly more positive news coming from the market, including Van's indication that we are very close to fully reaching an agreement. Of course, like yesterday, the leaders of both sides have not signed yet, which should mean that there is still no definitive conclusion regarding the enriched uranium issue, but it is undoubtedly the case that the Strait of Hormuz will be opened.

In these past three months, two-thirds of the time has been spent shorting WTI, and now it is already the fourth wave. The current returns are still pretty good. I have mentioned the rationale for "selling on highs" countless times, which is basically a target with high certainty and low risk. Currently, my target price is $85, and if everything goes well, it may be reached next week.

Although there are still local conflicts between Iran and the United States, it does not affect the progress of the peace agreement, especially as the Strait of Hormuz is no longer just a conflict between the U.S. and Iran; it has long since escalated to a conflict between Iran and the rest of the world, which destined it not to stay at a high level for too long.

Looking back at the data on Bitcoin, it has been consistent with my recent expectations. With the gradually favorable messages from the U.S. and Iran, the decline of bitcoin:native has been suppressed, and more investors are beginning to anticipate a rebound in BTC after the peace agreement is signed. After all, Walsh has taken office, and the next step is the midterm elections.

Of course, there are still many unexpected variables, such as tariffs, and it will depend on how Trump and the Republican Party respond. Purely from a data perspective, investors are still relatively rational and have not shown any panic.

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