Urgent Update: BTC and other small coins

BTC has recently surged to liquidate and clear liquidity at $69920-$70100, as anticipated earlier. However, it has retraced back to retest its previous low just below $69000. The critical point to watch for is the 4-hour chart close, which, if below $69,000, signals a bearish trend confirmation.

In light of this development, it is advisable to consider trading shorts exclusively or seizing profits promptly at any level between $69000 and $74000. A close below $69000 would firmly establish bearish control over the market. In such a scenario, while there might be attempts at recovery, the overall trend is likely to remain downward as savvy traders secure profits or close long positions to protect their investments.

It's important to note that meme altcoins are particularly vulnerable during this temporary bear phase. Therefore, exercise caution and refrain from employing excessive leverage in futures trading.

While I offer insights into trading psychology and guidance, it's crucial to conduct your own research and refrain from treating my post as financial advice.

Thank you for your attention.

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