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$BTC Urgent update🚨
Monday can be very volatile for all markets. Oil has surged, war tension is rising, and the market is worried that US stock futures may open weak. That can keep pressure on both stocks and crypto.
Right now, this is not just a crypto story. The whole market is watching oil, geopolitics, and overall risk sentiment. If pressure stays high, risk assets can remain weak.
For BTC, one good thing is that crypto trades 24/7, so part of this fear has already been priced in over the last two days. That means Monday’s open may hurt traditional markets more, while BTC has already reacted early.
In the short term, BTC is still finding support around 67,000. We saw a breakdown attempt and then a rebound, so that move may have been a false breakdown. Still, the structure remains weak and unstable.
My overall view is still bearish. The bigger trend is down and the bearish reasons are still there.
from here , a bounce can happen at any time. A move back toward 69,000 to 70,000 would not surprise me, and that area could become a better place for shorts again.
If It gives bounce towards 69000-7000,I I'll short again and I'm updating my stop loss towards 70800
So if you are already in shorts, manage them carefully.
Do not add aggressively at low levels. Keep a clear stop loss. Do not let one bounce turn a winning trade into a loss.
Same plan or
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