Urgent Market Update
A correction for both Bitcoin (BTC) and altcoins is anticipated, beginning today. Manage your risks carefully:
- Do not open new positions now.
- Consider closing some existing positions and waiting.
- Today and tomorrow might not be favorable for futures traders.
Bitcoin is expected to find support around the $63k to $64k range. After this correction, BTC is likely to resume its upward trend. The 4-hour time frame indicates the necessity for a correction, and recent stagnation in altcoin movement supports this.
Remember:
- Correction is imminent in the daily time frame.
- Reduce your risks in futures trading.
- Spot trading remains safe as BTC will likely rise post-correction.
We are still in a bull market; this is a temporary correction. Trade safely.
