๐จ๐๐ Hey Crypto Community! Time for an URGENT UPDATE on $BTC and all ALT Coins! ๐จ๐๐
As I forecasted earlier today, Bitcoin surged up to clear the liquidity around $69,920-$70,100, but it's now retracing back to retest its previous low just under $69,000. โฌ๏ธโฌ๏ธ If BTC closes the 4-hour chart (just about an hour away) below $69,000, it's a BEARISH SIGNAL CONFIRMATION! ๐ป๐จ
In this scenario, it's advisable to trade shorts or secure profits pronto at any level between $69,000-$74,000. ๐๐ฐ A close below $69,000 indicates the bears are firmly in control. ๐๐ While there might be a temporary bounce, smart traders will be locking in gains or closing long positions to play it safe. ๐ช๐ธ
And hey, remember, during this bear phase, meme alt coins might see the hardest bleed, so tread cautiously and avoid overleveraging for futures trading. โ ๏ธ๐ก
I'm here to share insights on trading psychology and offer tips to navigate the markets, but PLEASE do your own research and don't view this as financial advice. ๐ง ๐
Let's navigate these waves together! ๐๐ฐ #CryptoInsights #BearOrBull #SmartTrading #HODLorFold ๐