The weekend crypto market will likely undergo a correction phase, so just wait patiently for a clear direction.

It didn't follow the initial script, directly reaching the predicted level, leaving many people confused.
Actually, it shouldn't have broken the previous low so quickly.
A non-farm payroll report came out unexpectedly, and then the hype about interest rate hikes started again, scaring the market.
The crash in the US stock market directly dragged down cryptocurrencies.

First, interest rate hikes are unlikely; the market is just using this as an excuse to cool down stocks and cause a correction.
Don't believe the ghost stories.
The market had indeed risen too much before and couldn't be pushed higher, so a pullback and a new rebound are needed.

Second, whether Bitcoin can recover depends on one key point:
Is there a higher high on the one-hour chart, and a higher low?
In other words, it needs to break the 6200 level and hold above it effectively.
Only then will a short-term rebound have a chance; otherwise, it remains in a weak state.

Third, the future script should ideally present a new direction for clarity.
Because, logically, after a breakdown, the decline should be significant, creating distance.
But here, after breaking 6K, it has recovered again, so is it a false breakdown?
We need to observe further.

Fourth, this kind of panic selling, including in US stocks and crypto, does not rule out a retaliatory rebound next week triggered by positive news.
However, before SPCX listing, the market probably won't be very smooth.
In the US stock and crypto markets, I still don't recommend shorting at this level; instead, look for opportunities to go short-term long. #比特币ETF单日净流出7272枚