#bitcoin #market update If Bitcoin gives a breakdown from this box on the daily timeframe, then it's goodbye for the market.
On Thursday, the US jobs data is coming. If the data comes out positive, the market will remain neutral. If the data comes out negative, I see Bitcoin going to $48,000.
I think the data will be negative. And the bear market hasn't ended yet. There's a chance the bear market could end in September. Until the bear market ends, Bitcoin could drop to $38,000.
Taking any long-term long position right now would be foolish. If you think you’ve caught the bottom, you're wrong.
If you want to buy, keep buying in small amounts from $45,000 to $40,000, and down to $38,000. That will be safe.
On Thursday, the US jobs data is coming. If the data comes out positive, the market will remain neutral. If the data comes out negative, I see Bitcoin going to $48,000.
I think the data will be negative. And the bear market hasn't ended yet. There's a chance the bear market could end in September. Until the bear market ends, Bitcoin could drop to $38,000.
Taking any long-term long position right now would be foolish. If you think you’ve caught the bottom, you're wrong.
If you want to buy, keep buying in small amounts from $45,000 to $40,000, and down to $38,000. That will be safe.