Bitcoin is trying to stay above $72,000 but remains stagnant. The market seems to be in a wait-and-see mode until the U.S. employment data is released. Everyone appears to be waiting to see what will happen.

After experiencing declines last week, if the price can hold at this level, we might see some relief. But we shouldn't expect major movements until the U.S. employment report is out. The market always stays this quiet before such economic news.

I'm also in observer mode right now. If the price drops below $70,000, a more aggressive sell-off could begin, but the upside also looks open. We're just waiting to see what the report will show.