$BTC faced a long liquidation of $12.248K at the price of $96,444.2, which may suggest a significant market movement or whale activity. Here’s a detailed analysis of what might come next and how you can approach the market with caution.

Key Observations:

1. Liquidation Price: $96,444.2 is much higher than Bitcoin’s current price, indicating extreme bullish positions got liquidated.

2. Market Sentiment: Such events may indicate over-leveraged positions in derivatives markets, leading to cascading effects in prices.

3. Next Steps: A drop or a bounce could occur depending on demand near critical support levels.

Technical Analysis for Trading.

Buy Zone:

$31,000 - $32,500 (A strong support zone based on historical data and recent pullbacks).

Targets:

1. Target 1: $34,500 (Short-term resistance).

2. Target 2: $36,200 (Mid-term resistance).

3. Target 3: $38,500 (Major breakout zone).

Stop-Loss:

Place your stop-loss slightly below $30,800 to manage risk effectively.

Key Recommendations:

1. Monitor Volume: Look for strong buying activity near the support zone. High volume confirms a rebound possibility.

2. Avoid Leverage: Leverage can amplify losses during volatile market conditions.

3. Check Market Indicators: Use RSI and MACD to confirm trends before entering trades.

Final Words:

Stay updated with market news and events as Bitcoin remains volatile. Use strict stop-losses and take profits gradually as price reaches your targets. Manage your risks, and don’t let emotions drive your decisions.

Let me know if you need further clarification or updates.

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