$BTC Long Liquidation: $9,962,200 at the price of $97,668.6

This indicates that a significant amount of leveraged long positions were liquidated, which can result in a shift in market sentiment. Let’s analyze what could come next:

Market Analysis:

1. Impact of Long Liquidation:

When long positions are liquidated, it means the market was overly bullish, but prices dropped suddenly, triggering forced sales.

This can cause temporary downward pressure but might also attract buyers at lower levels.

2. Trend Check:

A high liquidation often signifies volatility.

We should watch if BTC stabilizes or if there’s continued selling pressure.

Buy Zone:

Range: $95,000 - $96,500

Reason: This range could act as strong support due to earlier trading activity. Buyers may step in to accumulate.

Targets:

Target 1: $98,500

Target 2: $101,000

Target 3: $105,000

These targets align with resistance zones and Fibonacci retracement levels.

Stop Loss:

Level: $94,000

Reason: If BTC breaks below this level, it may signal further downside.

Tips for Action:

1. Monitor Volatility: Stay cautious and watch BTC price action for stabilization before entering.

2. Set Alerts: Use stop-loss orders to manage risks.

3. Avoid Over-Leverage: Given the volatility, avoid high-risk trades.

If you’d like further insights or a more detailed technical analysis, feel free to ask.

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