Bitcoin has returned to around 80,000, and judging from the price action, it seems to have bottomed out somewhat. The previous dip was more like a sharp spike, and the market sentiment has largely been released.
However, with only one and a half days left in the month, achieving a positive monthly close will be quite difficult.
As mentioned before, 78,000, being near the average cost for miners, is still considered my last line of defense.
Therefore, in my mind, the 80,000 area is a short-term observation range, while 78,000 is a clear support level.
Based on this structure, the current risk-reward ratio is actually quite good. Buying Bitcoin in two tiers around 80,000 offers acceptable overall value.
The only thing to be aware of is the uncertainty brought about by the time window. #btc #bnb