Last night’s non-farm payroll data was positive, but Bitcoin couldn’t rally. Recently, there have been continuous signals of rate cuts and hikes, yet the market remains calm and uneventful. This is not because the big players are foolish or software issues, but because the market has already been “spoiled” in advance, and trading has finished, entering the “Sage Time.” Good news landing is called “expectation fulfillment,” where funds that preemptively positioned profit and sell off. Without new funds stepping in, prices find it hard to rise; bad news being exhausted is called “bad news is fully priced in,” and those who want to run have already done so. The remaining “Iron Head Kids” and bottom-fishing funds make it difficult for prices to fall. The market enters a “garbage time,” with prices oscillating within a range and low volatility. $SOL $BNB $BTC The core of market ups and downs depends on whether there is new incremental capital. Currently, most of the market is driven by quick-in quick-out smart money, lacking the “foolish” capital that can bear the burden. Both bulls and bears are evenly matched. In this environment, don’t trade based on news headlines—that’s just giving the main players a target. The market is waiting for “unexpected” variables, such as large capital entering, macro reversals, extreme sentiment, or violent technical signals to choose a direction. Until then, the trend will continue to grind, exhausting everyone’s patience and washing out uncommitted chips. Opening long or short positions is for reference only; manage your positions carefully!