Today's panic index is 60, still in a state of greed. However, the current market is relatively calm, with weekend liquidity already low, and coupled with unresolved negative factors, most funds are on the sidelines.

Fortunately, although the conflict in the Middle East is escalating, the market is no longer declining. Additionally, Bitcoin has recorded ETF inflows for five consecutive days.

From a long-term perspective, what matters most for Bitcoin is not geopolitical issues, but the U.S. Dollar Index (DXY). The dollar index has just fallen below 100, reaching its lowest level in over three years. It is clear that the dollar is on a downward trend, while Bitcoin's movement usually goes in the opposite direction. Since it hasn't declined under negative conditions, when those negative factors ease, the market is likely to experience a retaliatory rebound, so it is recommended to hold and wait patiently.