$BTC Liquidation Alert: Long positions worth $94.1K were liquidated at $104,668.00. Here's a quick breakdown:
Key Points:
Massive Sell-off: Bitcoin hits a peak of $104,588, causing widespread liquidation of long positions worth $94.1K.
Market Shake-up: The high volatility reflects potential market indecision or an upcoming price correction.
Bearish Pressure: After the liquidations, the price action may shift towards consolidation or a slight dip.
Next Move:
Short-Term Strategy: Watch for $102K as the next critical support. If breached, the downward trend could gain momentum.
Risk Management: Use tight stop-loss orders if trading.
Stay alert for any breakout or rebound signals around the $105K resistance level.
Stay cautious in this volatile market!
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