Bitcoin's Fear & Greed Index today dropped to 21, indicating that market sentiment is still somewhat suppressed. More notably, the spot market ETF has experienced net outflows for three consecutive days—this is usually a sign of a shift in institutional investor attitude.

From a technical perspective, Bitcoin's daily chart has slid back below the middle band of the Bollinger Bands, with the bullish momentum clearly weakening. Meanwhile, the stock market has been oscillating at high levels for nearly three months, with an ambiguous trend and no clear direction. This has become a critical period testing retail investors' psychology.

Without clear technical signals, avoid impulsive actions. Preserving capital is the top priority. Blind trading often results in greater losses than doing nothing.