$BTC Liquidation Alert
A massive short position of $68.5K has been liquidated at $97,920.00! This indicates heavy bullish momentum in the market.
What’s Next for $BTC
With this liquidation, the market sentiment seems to be favoring the bulls. However, strategic moves are crucial to maximize profits while managing risks.
$BTC Buy Zone:
Entry Range: $96,500 - $97,800
This is an ideal zone to consider entering a long position, as the market could consolidate before the next big move.
Target Levels:
Target 1: $99,500
Target 2: $102,000
Target 3: $105,000 (if momentum remains strong)
Stop Loss:
Suggested Stop Loss: $95,800
Keep your stop loss tight to minimize potential losses in case of unexpected reversals.
Why This Setup?
1️⃣ The liquidation suggests that many traders were caught off-guard, fueling a potential short squeeze.
2️⃣ BTC is showing strong support near $96,500, indicating buyers are stepping in.
3️⃣ The next psychological resistance is at $100K, which could act as a magnet for price action.
Risk Management Reminder:
Always trade with caution and never risk more than you can afford to lose. Crypto markets are highly volatile, so staying disciplined is key!
Keep an Eye on the Charts!
Stay updated with the latest price movements, and watch for any signs of volume spikes or trend reversals.