Recent events in the cryptocurrency market raise questions: are we in a bear trend?
Bitcoin has fallen below $80,000 for the second time in three weeks, and the Fear and Greed Index shows a value of 24, indicating "extreme fear".
However, in November 2024, this index reached 82, signaling "extreme greed". Such sharp shifts in sentiment may indicate market instability.
I believe that the current situation may represent a local bottom, and for long-term investors, this is an opportunity to consider a buying strategy on the dip. Personally, I am looking at $BTC and $ETH , waiting for possible entry points.
What is your assessment of the current situation? What coins are on your watchlist? Share your thoughts in the comments!
