$BTC Liquidation Alert:
Long positions worth $216K were liquidated at $104800.11. Here's the breakdown:
Key Highlights:
Massive Liquidations: $BTC reached $104,534.11, triggering a massive liquidation of $216K in long positions.
Market Shake-up: This significant drop signals a potential reversal or consolidation, as traders exit positions amid growing uncertainty.
Bearish Momentum: The liquidation spike suggests pressure from sellers, hinting at a possible continued decline.
Next Move:
Short-Term Strategy: Watch for $102K as the next critical support level. A breach below could lead to further downside.
Risk Management: Tighten stop-loss orders and watch for any rebound near $105K for potential buying opportunities.
Stay cautious as volatility continues!
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