The cryptocurrency market was affected by global economic uncertainty, and BTC fell below the $80,000 mark for the second time in three weeks, and the Panic and Greed Index was in the "extreme panic" range. This sentiment reflects the fragility of the market, especially in the context of heightened recession expectations, which remain subdued.

While the market is in a downturn, from an investment perspective, the current market decline does not mean absolute bad news if a long-term holding strategy is taken. In fact, with the popularity of cryptocurrencies and the continuous innovation of technology, the current downturn in the market may instead be the preparation period for the future bull market. Comparing historical market cycles, many investors look back and find that bottoming often occurs when market sentiment is at its most pessimistic. Despite the extreme panic in the current market sentiment, the current price may provide a good entry opportunity from a long-term investment perspective.

My personal advice is to deploy in batches in the current sluggish market, especially focusing on BTC, ETH and some DeFi projects with high growth potential. ETH, in particular, still has strong growth potential due to its central position in the smart contract and DeFi ecosystem. In addition, there are also considerable investment opportunities for Layer 2 protocols and cross-chain projects.

Overall, the current market may still be volatile in the short term, but from a long-term investment perspective, it is a good time to make a layout.
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