$BTC Bulls Stumble Hard!
A staggering $86.6K long position on $BTC was liquidated at $96,431.10, signaling a sharp bearish reversal. The long liquidation at this level highlights a volatile shift, as bulls were unable to sustain the rally.
Market Analysis:
Massive Long Liquidation: Indicates an abrupt sell-off, likely triggered by over-leveraged positions.
Key Levels Under Pressure: The market may now test lower support zones, with buyers needing to step in to regain control.
BTC Technical Snapshot:
Resistance Level: $97,000
Support Zone: $95,500
Momentum: Bearish, with increased downside risks
Will $BTC recover its bullish momentum, or is the market bracing for a deeper correction? Stay cautious and monitor key levels closely!