The current market's Panic & Greed Index is reading 24, entering a state of "extreme panic". Although this index indicates that the market sentiment is extremely pessimistic, we should note that extreme panic often indicates that there is a large downside in the market, so it is necessary to consider carefully whether to enter the market at this time.

The price of the crypto market fell sharply, and BTC fell below the $80,000 mark again in three weeks, reflecting a serious lack of investor confidence. While panic may lead to a short-term rally, we cannot be sure that the market has bottomed out until there is clear macroeconomic stability. Judging from historical data, the crypto market has experienced many violent fluctuations, and the bottom often needs to be repeatedly oscillated, so it may not have hit the stage bottom at present.

For investors, despite the current downward trend in market prices, caution is needed when considering short-term entry. If the market continues to decline, BTC may even fall below the $70,000 or even lower level, and it makes more sense to enter the market at that time. At the same time, it is necessary to pay attention to Ethereum (ETH), Solana (SOL) and tokens with more mature on-chain application ecosystems, which may benefit from the market rebound in the future.

Therefore, my advice is that the current market rebound is less likely, and we need to be cautious in our dip hunting and continue to watch the market signals, especially the performance of key support levels. In the short term, it is not advisable to rush into the market. #加密市场进入熊市了吗