BTC UPDATE ( 5 July ).
Today could be very bad for BTC.
Technically, BTC has been continuesely breaking its supports on the downside and is currently consolidating on one of its strong supports since yesterday. The buyers at this support level have already shown considerable strength by repeatedly pulling BTC back, and if external volume comes in, it is possible that BTC might go bullish.
However, looking at the market sentiments, it seems that external volume will likely be negative today, and BTC will further drop to the 48k-52k level.
If the situation worsens, we might see a crash similar to 2021.
CONCLUSION: BTC is looking extremely bearish, so please do not take any long positions in either BTC or altcoins right now. In the greed to double your money, you might end up liquidating your account.
