【Middle East Escalation: Is the Market Entering the "Hardest Phase"?】

Global markets are experiencing severe volatility due to Donald Trump's ultimatum to Iran. As the Strait of Hormuz approaches closure, oil prices remain elevated, stagflation expectations are rapidly heating up, and a dual sell-off in stocks and bonds has become the main theme.
In the short term, the market is simultaneously betting on "Trump taking a step back" (TACO logic) while also hedging against further conflict escalation, leading to repeated market swings. More critically, capital is beginning to withdraw from the most crowded AI leaders, treating them as "liquidity exits," which typically signals the market has yet to reach its true bottom.
The current rally looks more like an emotional recovery rather than a trend reversal.
Do you think this is the time to buy the dip, or should we continue waiting for risks to unwind? $ETH