There have indeed been quite a few recent news updates—The Federal Reserve signaling a dovish stance, with everyone guessing "when will they actually start easing?"; Japan's expectations of rate hikes, and some beginning to worry about whether global funds will flow back.

But look at how the market is moving? BTC and ETH haven't shown any crazy surges or flash crashes; they are just oscillating around key levels. This actually indicates one thing: big players are not in a hurry to set the tone.

What they truly care about, rather than "cutting or raising rates," are two questions:

First, whether liquidity can be continuously released.

Second, whether there are still buyers for risk assets.

From today's market rhythm, negative news is being ignored, and positive news isn't attracting follow-up buying. When does this kind of situation tend to occur? When chips are changing hands and market enthusiasm is cooling down.

Retail investors are most likely to fall into the trap of overreacting to news—bullish traders only focus on positive signals, bearish traders only watch for risks, resulting in frequent stops. The true market trend is almost never decided on the day news is released.

Conversely, if the pullback doesn't see increased volume and key support levels repeatedly hold, it indicates that funds haven't actually left the market—they're just waiting for a clearer signal.

Instead of obsessing over "is this a bull or bear market," ask yourself first: if there's another shakeout tomorrow, can your position withstand it?

When the market moves slowly, it's actually the most testing of discipline. Whether you can stay steady at this time often determines if you'll survive longer. Anyone can read the news, but only those who can wait are the real winners.