🚨 Major Alert: $BTC Long Liquidation of $21.085K at $97615.3! 🔴

A significant $21.085K long liquidation just occurred at $97615.3, signaling intense market activity in Bitcoin (BTC).

This indicates short-term bearish pressure, but also presents an opportunity for strategic traders.

Let’s dive into the full details and prepare for the next move!

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Market Analysis

1. What Does This Mean?

A long liquidation happens when buyers are forced to close their positions, causing downward pressure on the price. This shows a temporary weakness, but it could set the stage for a recovery.

2. Current Sentiment:

The market is in a bearish phase, but these sharp moves often create a chance for buyers to enter at attractive levels.

Key Levels to Watch

Buy Zone: $96500–$97000

Watch for BTC to stabilize within this range before making a move.

Target Levels:

Short-Term Target: $98500

Mid-Term Target: $99500

Extended Target: $101000

Stop Loss: $96000

Protect your position by exiting if the price drops below this level.

Trading Plan

1. For Buyers:

Look for BTC to dip into the buy zone ($96500–$97000) and accumulate in small portions.

Set your stop loss at $96000 to limit downside risk.

Gradually book profits at $98500, $99500, and $101000.

2. For Sellers:

If BTC struggles to hold above $96500, consider shorting with a stop loss at $98000.

Why This Matters

Large liquidations like this often indicate market resets, shaking out weaker hands while offering opportunities for disciplined traders.

The $96500–$97000 range is a critical support zone. If buyers step in here, a recovery could quickly follow.

Final Thoughts

This BTC long liquidation is a pivotal moment. Stay focused, stick to your strategy, and manage your risks wisely. Opportunities arise from volatility—be prepared to act!

The market favors the ready—good luck! 🚀

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