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BTC has seen a significant rise over the past hour, and a correction is likely imminent. It's important to note that continuous upward movement without a pullback is unsustainable, so exercise caution when opening long positions. While short positions in top gainers may be considered, it may take time for these assets to shift course. Stay alert during this period.

Additionally, with the start of a new week, it's common to see buying pressure on Mondays, leading to an initial market pump. However, after a few days, the market usually stabilizes, and before that, a correction is expected. Mark 10th October as an important day, as several major events are set to unfold, which may introduce volatility.

If BTC remains stable around 10th October and hits the $63,000 level, with greed at the 60 (index) range, we could see a downward movement following a temporary rise.

Be cautious and stay informed.

ALWAYS DYOR!

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