The most important news today is that Trump has the same TACO as expected, and that the suspension will last until the signing of the peace agreement is completed, which also shows that the United States is not determined to fight Iran to the end, but later Trump expressed that the ceasefire period is not unlimited, but only gives an additional three to five days, which I think is meaningless. I estimate that TACO will still be available at that time. Although there has been a collective rebound in the risk market, contrary to the expectations of the risk market, Brent and WTI are still on the rise, mainly because there are reports that even if the Strait of Hormuz is reopened, it may take about six months to clear the mines in the area, indicating that oil prices may still be limited for a long time. In my personal opinion, if it is only due to the difficulty of clearing mines, the market's price expectation for WTI should be below $90, because mines essentially affect transportation efficiency, but it is not enough to support WTI's long-term high position alone. The reason why WTI can still remain above $90 indicates that the market is now pricing not only on the difficulty of mine clearance, but also on the expectation of a ceasefire that could recur at any time, Iranian port blockades still in place, and potential incidents in Hormuz at any time. So if there are no larger military upgrades in the future, no new oil production facilities being attacked, or Hormuz being completely sealed off again, then I still tend to believe that the sustainability of WTI above $90 will not be too strong. Continue to maintain the judgment of short selling at a high level. (Of course, my judgment may be wrong) Looking back at the data of Bitcoin, with the increase of BTC price, there has been a significant increase in turnover rate, but the trading volume has not changed much. It feels that investors are accelerating their selling, but the overall chip structure has not changed significantly. Today's rise should be due to the continuation of the ceasefire between the United States and Iran. Without further positive stimulation, it may be difficult to maintain sustained upward momentum. Bitget VIP， Lower rates and more generous benefits