The non-farm payrolls report was disappointing, US stocks crashed, and Bitcoin and ETH led a sharp drop in the cryptocurrency market, almost erasing all of the gains from the previous day.
In the past week or so, Bitcoin has experienced three single-day surges of around 5000 points, followed by repeated declines. This is a blatant example of bull traps followed by distribution and short squeezes!
The prediction in the article published on March 2nd is increasingly likely to come true: Bitcoin and ETH will first experience a slight rebound, then continue to fall, touching the lower Bollinger Band on the monthly chart. Bitcoin is expected to reach around $54,000, and ETH around $1350.