The recent performance of Bitcoin has indeed left people feeling a bit helpless. BTC has been struggling to break through a key level, which has made me reconsider whether the 80600 level can effectively serve as the bottom of the A-wave.

At present, if Bitcoin can successfully pierce through the key support area and then initiate a large-scale rebound, it will be quite interesting from a monthly chart perspective. This kind of price movement rhythm precisely completes a standard down-up-down ABC corrective structure, after which it may face a longer-term bear market bottoming process.

Of course, whether this trend can truly be interpreted depends on whether Bitcoin can perform in the next few trading days. The current situation is still under observation, and how the market will develop needs further confirmation.