$BTC Short Liquidation Alert!
A substantial $286,000 short position in Bitcoin (BTC) was liquidated at $96,073.80, underscoring significant market volatility.
Current Price: $96,069.00 (slightly below liquidation level).
Intraday Range: High at $97,927.00, Low at $95,050.00.
Recent Developments:
Market Performance: Bitcoin has experienced a 1.48% decline today, trading around $96,069.00.
Liquidation Surge: The cryptocurrency market witnessed liquidations totaling $36.32 million in a single hour, with a significant portion attributed to short positions in Bitcoin.
Next Move:
Support Level: $BTC is approaching the $95,000 support zone. A successful hold above this level could indicate a potential rebound.
Resistance Level: A break above $97,000 may lead to further gains, with the next resistance around $100,000.
Pro Tip: Given the current market volatility, it's crucial to monitor Bitcoin's price action closely and consider risk management strategies when trading.
