🚨💥Important Update for Bitcoin and Alternative Cryptocurrencies💥🚨

As anticipated earlier today, Bitcoin experienced a surge, reaching a peak between $69,920 and $70,100 to clear out liquidity. Subsequently, it has retraced to retest its recent low, hovering just below the $69,000 mark.

Should Bitcoin close below $69,000 on the 4-hour chart (expected in approximately one hour), it would confirm a bearish trend. In light of this signal, it is advisable to engage in short trades exclusively or to swiftly capitalize on profits at any level between $69,000 and $74,000.

A closure below $69,000 signifies a market takeover by bears. Although there may be attempts at price recovery, it is likely to be short-lived as savvy traders secure profits or exit long positions to protect their investments.

During this phase, meme altcoins are expected to experience significant losses, so it is imperative to trade prudently and refrain from overleveraging in futures trading.

I offer insights on trading psychology and practical tips to aid your trading decisions. However, it's essential to conduct your own research and refrain from considering my post as financial advice. Thank you.

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