The cryptocurrency market has been under pressure recently, with BTC falling below the $80,000 mark in three weeks. The Panic & Greed Index is in the "Extreme Panic" range, and investors are pessimistic. However, whether the bottom of the market has been reached is still a question worth exploring. Based on the current market movements, it is difficult to say that the market has bottomed out from a technical analysis perspective, despite the extremely depressed market sentiment.

Historically, mainstream currencies such as BTC have experienced multiple rounds of cyclical declines, and there are often brief rebounds along the way. Although the market seems to have some support in the short term, the current downtrend is not yet fully over, and market sentiment has not been effectively repaired. As a result, BTC, as well as other major crypto assets, may face further price corrections, and the current price does not have a complete margin of safety.

My investment strategy is to spread out in batches when the market continues to be volatile. When it hits below $70,000, consider increasing your holdings, especially for ETH and some potential Layer 2 protocol tokens. The technological development and market demand of these currencies are relatively strong, and they still have high room for appreciation in the long run.

Therefore, I believe that the market has not bottomed out yet, and investors should remain cautious and wait for more favorable entry opportunities. #加密市场进入熊市了吗