Bitcoin has returned to around 80,000. In terms of trend, it already shows some signs of a bottoming phase. The previous dip was more like a needle-like plunge, and the market sentiment has largely been released. However, with only one and a half days left in this month, achieving a positive monthly close is indeed quite challenging. I previously mentioned 78,000 as a level near the average cost for miners, and I still consider it the last "lifeline." Therefore, in my mind, around 80,000 is a phase observation zone, while 78,000 is a clear support line. Based on this structure, the current risk-reward ratio is actually quite good. It’s acceptable to buy some Bitcoin in two layers around 80,000, considering the overall cost-effectiveness. The only thing to be cautious about is the uncertainty brought by the time window. #btc #bnb
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin has returned to around 80,000. In terms of trend, it already shows some signs of a bottoming phase. The previous dip was more like a needle-like plunge, and the market sentiment has largely been released. However, with only one and a half days left in this month, achieving a positive monthly close is indeed quite challenging. I previously mentioned 78,000 as a level near the average cost for miners, and I still consider it the last "lifeline." Therefore, in my mind, around 80,000 is a phase observation zone, while 78,000 is a clear support line. Based on this structure, the current risk-reward ratio is actually quite good. It’s acceptable to buy some Bitcoin in two layers around 80,000, considering the overall cost-effectiveness. The only thing to be cautious about is the uncertainty brought by the time window. #btc #bnb