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#Is the memecoin madness a top signal for markets?
Market Update -
Yesterday I warned that unless Bitcoin got 4 hour acceptance above $69k, then we cannot rule out lower. It rejected exactly from $69k and moved 9% lower.
Now, this current 4 hour candle is an important one as we are currently trading below the Prev Month High and the Prev Week Low. But ideally, to get confidence of a stronger recovery we want to see a reclaim of the DM VAL at $64.7k area.
The range this week is $62k - $69k.