The monthly closing sharp fall has triggered panic, and traders are closely watching the 83000 support level.

The atmosphere in the English circle has been a bit tense these past few days. When the monthly close occurred on Sunday, the market suddenly experienced a sharp fall, causing many holders of call options to be trapped directly. Now everyone is worried about whether it will continue to fall further.

I heard traders in the circle say that the 83000 position is considered a relatively strong support level, and there aren't any major buy orders above it. However, some people believe that Bitcoin can still push for a new historical high, but no one can say for sure when that will be – anyway, it’s best to maintain a wait-and-see approach, but we shouldn't be too pessimistic.