The panic index today is 52, shifting to a neutral state.

Originally, it seemed that the situation with Iran would not have much impact on the market, and things were gradually warming up. However, it didn't even stabilize for a day before being affected by a statement from Trump. Whether the U.S. enters the war directly influences the market's rise and fall; Trump's statement yesterday about 'actively considering intervention' caused Bitcoin to drop below $104,000. If the U.S. really gets involved, the nature of the situation would change significantly, and Bitcoin is likely to fall below $100,000.

Tonight, the focus remains on the Federal Reserve's announcement of interest rate adjustments. If Chairman Powell's speech leans hawkish and maintains the short-term rates, it will inevitably accelerate the downward trend. However, there is no need to be overly anxious, as the 'no rate cut' outcome is something the public can generally predict, and the market sentiment has already digested this in advance.