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The monthly closing suddenly plummeted, with 83,000 as the key defense line.
On Sunday night when the monthly candle closed, the market suddenly experienced a strong wave. Bearish sentiment swept through the English-speaking community, and those holding call options really took a hit this time.
Everyone in the trading circle is now focused on the 83,000 USD level — there doesn't seem to be any decent buying support below that. However, interestingly, even though this recent fall has been quite severe, there are still people who believe that Bitcoin will eventually reach new highs again. The only question is when? No one can say for sure, and everyone has a bit of anxiety in their hearts.
In plain terms, the panic hasn't fully dissipated in the short term, and the key is whether the 83,000 defense line can be held.