【Middle East Conflict Escalates, Market Enters "Most Difficult Stage"?】

Affected by Donald Trump's ultimatum to Iran, global markets are experiencing severe volatility. As the Strait of Hormuz approaches closure, oil prices remain elevated, stagflation expectations are rapidly heating up, and stocks and bonds are both being sold off as the main theme.
In the short term, the market is on one hand betting on "Trump stepping back" (TACO logic), while on the other hand guarding against further escalation of conflict, causing price action to repeatedly whipsaw. More critically, funds are beginning to withdraw from the most crowded AI leaders, treating them as "liquidity exits," which often signals that the market hasn't reached its true bottom yet.
The current rebound looks more like sentiment recovery rather than a trend reversal.
What do you think—should we buy the dip here, or continue waiting for risk to be released? $ETH