The recent dip below $80K and the Fear & Greed Index sitting at 24 (Extreme Fear) suggest that sentiment is quite bearish often a contrarian signal for potential buying opportunities. While it's hard to predict exact bottoms, this could be a decent accumulation zone if you're thinking long-term.
I'd personally look for stronger support levels around $75K-$77K for BTC, as that area has shown resilience before. If BTC dips closer to $72K, it could present a strong risk-reward entry point.
As for my watchlist, I'd be keeping an eye on: - ETH — Strong fundamentals and staking growth. - BNB — Consistently solid performance and ecosystem expansion. - SOL — Its growing DeFi and NFT ecosystem has been impressive. - KAVA and Venus Protocol — For DeFi exposure. - GameFi tokens like Param Labs, Apeiron, and ERAGON — Gaming narratives tend to rebound strongly after dips.
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#Has the Crypto Market Entered a Bear Market?
The recent dip below $80K and the Fear & Greed Index sitting at 24 (Extreme Fear) suggest that sentiment is quite bearish often a contrarian signal for potential buying opportunities. While it's hard to predict exact bottoms, this could be a decent accumulation zone if you're thinking long-term.
I'd personally look for stronger support levels around $75K-$77K for BTC, as that area has shown resilience before. If BTC dips closer to $72K, it could present a strong risk-reward entry point.
As for my watchlist, I'd be keeping an eye on:
- ETH — Strong fundamentals and staking growth.
- BNB — Consistently solid performance and ecosystem expansion.
- SOL — Its growing DeFi and NFT ecosystem has been impressive.
- KAVA and Venus Protocol — For DeFi exposure.
- GameFi tokens like Param Labs, Apeiron, and ERAGON — Gaming narratives tend to rebound strongly after dips.