After enduring, the clouds part to reveal the bright moon.

Although there have been many setbacks, a comprehensive ceasefire between the United States and Iran seems hopeful, and what should follow is the smooth passage through the Strait of Hormuz, as both sides are now preparing to sign a memorandum to end the war.

The main content includes but is not limited to Iran's commitment to suspend uranium enrichment activities, the United States agreeing to lift sanctions and release billions of dollars of frozen Iranian funds, as well as both sides lifting restrictions on passage through the Strait of Hormuz.

This has not yet been realized, but Trump believes the probability of achievement is high; currently, the WTI oil price has already dropped to around 92 dollars. If things go smoothly, it is very likely to fall below 90 dollars this week.

The strategy of shorting at highs currently seems correct, and the ceiling of 120 dollars also appears to be correct; normally, it should be below 80 dollars, but it is uncertain if it can last until that time. If the weekend funding rate for CLUSDT changes, take some more; if it remains that high, exit early.

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