The recent performance of the Cryptocurrency market has indeed been worrying, with BTC breaking below the $80,000 mark twice in three weeks, and the panic and greed index also indicating that market sentiment is in a state of 'extreme fear.' Does this mean that the crypto market has entered a Bear Market? Here is my opinion:

### 1. **Has the current market reached a temporary bottom?**
From a historical data perspective, when the panic index is low, it often means that market sentiment is extremely pessimistic, which may be a signal of a cyclical bottom. However, bottoms are usually a range rather than a single price point, and the market may fluctuate at the low level for a period of time until new positive factors emerge. Therefore, I believe that the market may be approaching a cyclical bottom, but careful observation is still needed.

### 2. **At what price point would you choose to buy the dip?**
For BTC, $80,000 is an important psychological barrier, breaking through which may further test the downside. If the market continues to decline, the range of $75,000 to $70,000 may be a support area worth watching. I will choose to enter the market in batches rather than all at once to reduce risk.

### 3. **Which currencies are planned to be laid out?**
- **BTC and ETH**: As the two largest Cryptocurrencies by market capitalization, they have higher risk resistance and are suitable for layout in high market uncertainty.
- **Layer 1 Projects**: Such as SOL, AVAX, etc., these projects are innovative technically and still have potential in the long term.
- **DeFi and NFT related tokens**: If market sentiment improves, tokens in these areas may rebound first.

### 4. **Risk Warning**
Although the market may be approaching a cyclical bottom, uncertainties in the global economy still exist. Investors should remain cautious, manage their positions reasonably, and avoid over-leveraging.
#加密市场进入熊市了吗