Fil can't take off, brother, just give up...
Other answers are so empty. After the tax and non-farm events these past two days, the entire cryptocurrency market has seen a significant correction, not exactly a crash. Many old investors feel that the bull market has come to an end because Bitcoin has this nature, a four-year bull-bear cycle, with historical peaks appearing every four years, after which the bull market is pretty much over. I've been thinking about this issue these past two days, and based on past experience, it seems Bitcoin has peaked. Those who are buying in now are likely to be late to the party at a foolishly high price.
However, the non-farm payrolls are a critical point. The data shows that things aren’t ideal: too many unemployed people and not enough jobs, indicating a significant lack of labor, reflecting that the economy in the beautiful country is already very poor. But precisely because of this, the probability of a rate cut in September has increased. Banks are lowering deposit rates, encouraging everyone to spend and invest rather than save, to stimulate the economy.
A rate cut in September is a major positive. Bitcoin is essentially a product of speculative emotions; historically, significant increases in Bitcoin have coincided with rate cuts in the beautiful country. Therefore, I personally believe this is just a correction, and the bull market is far from over; the tail end of the bull is still here!!!
The bull is still here, have you noticed? We've been telling everyone to short for a day now, and what about you? You're still holding long positions, right?
The next strategy is being planned, expecting a rise of 3000%. If you need a strategy, just say the word.