Bitcoin reached the main liquidation level of the last 7 days as it approached $100K.

Over the past 30 days, two important regions should remain on traders' radar. Above, we see the $110K level as the primary liquidation level for shorts, while near $90K, it would trigger significant liquidations of longs.

Always consider entering a short position when shorts are being liquidated on exchanges. Conversely, entering a long position when longs are being liquidated can be a good strategy for day trading or swing trading.

Alphractal