Bearish Shock Shakes Market, Traders Eye Key Support Level for Bitcoin

A recent bearish shock has shaken the market, according to Greeks.Live researcher Adam’s social media post. The market experienced a significant drop during Sunday evening’s monthly close, leading to losses for holders of call options and raising concerns about further declines. Traders have pinpointed $83,000 as the next crucial support level, noting that buying interest has been lacking before reaching this critical threshold. While timing remains uncertain, some maintain cautious optimism regarding Bitcoin reaching a new all-time high. #BTC