#BTC Update:
Expect significant volatility on Monday.
Today's market outlook suggests sideways to bullish movement, making it advantageous to position oneself for potential gains tomorrow đ
Bitcoin is projected to reach $74,000 next week đȘ
For now, it's advisable to exit all trades due to the choppy market conditions!
Despite correctly identifying the market top, we're now focused on pinpointing the market bottom once again.
While fluctuations are to be expected, overall, we maintain an upward trajectory đȘ
A substantial funding rate reset is imminent, leading to liquidation for late long positions, especially those with high leverage, preceding the anticipated pump.
Exercise caution in current trading conditions!
Late entries, whether long or short, are at risk of liquidation.
Observing from the sidelines and waiting for the opportune moment to enter is advisable đ
There's a gradual shift towards bearish sentiment, particularly considering historical patterns preceding halving events.
Anticipate a significant market correction.
Factors such as the ETH upgrade, the speculative frenzy around meme coins, widespread bullish sentiment, and elevated funding rates signal the need for a market correction.
While we've signaled the market top, we're awaiting further confirmation before initiating short positions.
All spot coins have been sold, and we're currently out of all trades in VIP đ„ł
Remember, Bitcoin may dip to $60,000 before reaching $80,000.
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The recent 5x-10x pump in MEME coins attracted new participants to the crypto market, inducing FOMO but ultimately leading to traps.
A halving-induced correction is inevitable, irrespective of ETF support for crypto assets!
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