An interesting observation from Bitcoin's technical perspective: on the logarithmic scale monthly chart, BTC has already formed at least 7 contact points near the historical support level, which is sufficient in technical analysis to verify the validity of a key support. More importantly, this support level has performed well since March 2016, making it virtually unbreakable.

From the current technical pattern, it's hard to imagine us breaking below this line of defense. Based on these multiple validations, I tend to believe we are close to the bottom zone. In my personal judgment, looking downward from the current position, the 83k level should be a fairly strong floor. This is not just a simple number game, but a real defensive capability built up from years of historical data.