I’m saying why it suddenly jumped up—the root is in the sudden news! Saudi Arabia has asked Oman to step in and mediate, and they plan to talk with the Houthi forces for a two-week ceasefire.

But this is actually also within expectations. After all, after such a long period of ongoing tug-of-war, none of the parties can withstand the exhaustion caused by a prolonged standoff.

Earlier, the risk around the Strait of Hormuz had been hanging in the air. The market was on tenterhooks all the time, worried that something could happen to the shipping lane and push oil prices higher. Now, with news of mediation and ceasefire talks circulating, the geopolitical tension sentiment cools down immediately—so the market surged right away.

But don’t get carried away! This is only the negotiation stage; it’s not officially implemented yet. The agreement will be publicly announced before the weekend.

There are still huge uncertainties. Negotiations could fall apart at any time, and reversals in the news cycle are the norm. Everyone—when trading, manage your positions and set stop-losses properly! The earlier shorts should look for opportunities to exit! For the short term, wait for a rebound to plan your entries!
#Arkham称贝莱德20天买入15亿美元ETH $BTC