#Bitcoin Update:
Anticipate significant movement on Monday.
Today's market outlook suggests a sideways to bullish trend, making it wise to position yourself for potential gains tomorrow 😉
Bitcoin is forecasted to reach $74,000 next week
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Consider exiting all trades for now due to the choppy market conditions!
While we correctly identified the market top, we're now focused on finding the market bottom once again.
Though fluctuations are expected, overall, we maintain an upward trajectory 💪
A significant funding rate reset is on the horizon, leading to potential liquidation for late long positions, especially those with high leverage, before the anticipated pump.
Exercise caution in current trading conditions!
Late entries, whether long or short, carry liquidation risks.
Observing from the sidelines and waiting for the perfect entry point is advisable 👌
There's a gradual shift towards bearish sentiment, particularly considering historical patterns before halving events.
Expect a significant market correction.
Factors such as the ETH upgrade, speculation around meme coins, widespread bullish sentiment, and elevated funding rates indicate the need for a correction.
While we've identified 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 🥳
Keep in mind, Bitcoin may dip to $60,000 before hitting $80,000.
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The recent pump in MEME coins attracted new players to the crypto market, inducing FOMO but ultimately leading to traps. A halving-induced correction is inevitable, regardless of ETF support for crypto assets!
