As $BTC drops below the 110,000 mark, the Fear and Greed Index plunges to 29, and the market is once again shrouded in panic. Looking back at the last prolonged fear cycle, it began after the positive sentiment from Trump’s inauguration faded, compounded by tighter tariff policies, the Bybit hack, Middle East conflicts, and continuous ETF outflows. These factors ultimately pushed $BTC down to $75,000. Later, as the U.S.-China tariff war eased and the Fed signaled rate cuts, institutional funds accelerated their entry, allowing $BTC to regain its upward momentum and break new all-time highs. In contrast, this time around, while the rate cut landed as expected, it failed to bring surprises. Funds have been flowing into gold, U.S. stocks, and even A-shares, leaving $BTC with little interest, resulting in persistent weakness in the market. The rebound in altcoins also fizzled out halfway. From a technical perspective, the daily chart has yet to stabilize. Combining this with sentiment indicators, once the index drops below 20, it could signal the opportunity to start entering positions in batches. During this adjustment phase, $BTC could aim for $105,000, while $ETH, $SOL, and $DOGE are likely to target around $3,500, $170, and $0.2, respectively. For those planning to buy the dip, the most crucial thing right now is to remain patient and wait for the ideal target prices to appear before making a move. #SOL