Hold onto your hats, folks! Here’s the scoop with more twists than a circus snake:
Bitcoin’s sliding down the slippery slope again, heading for lower lows as RSI decides to have a nap and retesting the $100,000 mark – brace yourselves! 🐍
Traders are about as hopeful as a cat in a dogpark, betting on a quick bounce back while Trump and Musk light the fuse of chaos. 🚀🤪
US labour market data drops like a bomb on June 6, promising to turn the markets into a rollercoaster. Buckle up! 🎢
Bitcoin (BTC) briefly flirted with $103,000 before the Wall Street crowd took their morning nap, only to stumble back. Classic! 
Trader: “The Big Crash? It’s Starting!”
CryptoWhisperer data shows BTC/US Dollar hanging on by a thread after a dramatic turn at $100,500 on June 5—like a soap opera in real-time.
The chaos kicked off with Trump and Musk having a spat that’s more dramatic than a soap. Over $300 million in crypto got flushed down the drain faster than a pint of milk. 🥛💥
Despite Bitcoin defending the $100K fortress, worries about a deeper plunge kept everyone on edge, nibbling their nails. For trader Roman, the chart now screams “bearish as a grizzly in hibernation.”
“The $BTC breakdown has begun, folks!” he bellowed on X, sounding like a weather forecaster for doom.
“Eyeing 95k and possibly lower. Depends what happens when we attempt to stand still and ponder.”
Fellow trader Friedrich: “Bugger! Sub-$100K Incoming!”
He thinks we’ll get a little retest at 105K and then a slow bleed down to around 87K, or maybe—just maybe—climb back above 106K and start the party again. 🎉
Even the bullish bulls are shrugging and saying, “Short-term weakness, folks!”
Kevin Svenson, the wise guy of crypto, noted Bitcoin’s RSI is pointing down—like a sad puppy. 🐶
“The daily RSI is a tricky little thing, and we might be just a week away from a sneaky reversal,” he said, twirling his mustache.
US Jobs Data – The Next Drama Queen 👑
Everyone’s eyes are glued to upcoming US jobs figures, which could send the markets into a frenzied dance or a sleepy nap. The Nonfarm Payrolls are like a box of surprises—could be good, could be disastrous. 🎁
Keith Alan from Material Indicators predicts these reports might just be the spark to ignite fireworks in stocks and crypto—maybe even make rates stay high longer, or cut faster. Who knows? 🎆
He also hinted that Bitcoin might drop as low as $93,000 again—just for fun! 😉
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2025-06-06 12:16