Qingming holiday combined with geopolitical risks has left the market in a liquidity drought. Both secondary and primary markets are basically inactive, and the overall vibe is super quiet. (1) International Situation Crude oil remains in high-level consolidation, with risks yet to be released. Trump issued a 48-hour ultimatum, threatening escalation if no compromise is reached. The U.S. and Israel have already launched airstrikes on Iran's petrochemical facilities. Currently, the U.S.-Iran situation continues to escalate, and crude oil remains strong. Conclusion: Crude oil isn’t dropping, so it’s better to stay on the sidelines. (2) Bitcoin ($BTC) Trading volume has plummeted 92% compared to the 30-day average, and market liquidity is nearly dried up. Long-term holders’ SOPR is only 0.755, with an average loss of 24.5%. Weekly RSI is at 31, nearing the oversold zone. Low liquidity + sustained losses + technical oversold = classic signs of approaching a bottom, which is a good thing. But keep in mind, bottoms are usually formed through grinding—it won’t just reverse instantly. For Bitcoin, wait until geopolitical tensions ease and the World Cup ends before starting to dollar-cost average in batches. The World Cup runs from June 11 to July 19, so make sure to pace yourself.