Bitcoin ($BTC ) Update: Major Long Liquidation Spotted!

A huge $33.123K BTC long liquidation has just occurred at $94,368.1. This signals that some big players (whales) may have been caught off guard. Volatility is likely to spike, and the market could react strongly in the coming hours.

Here’s what you need to know:

Buy Zone

If Bitcoin dips further, look for potential buying opportunities around $90,000 - $92,000. This zone could act as strong support if the bulls defend it.

Target Zones

1. Short-Term Target: $97,000

2. Mid-Term Target: $100,000

3. Aggressive Target: $104,000

Stop Loss

To manage your risk, place your stop loss at $89,000. This will protect you if the price drops unexpectedly below support.

What’s Next?

The liquidation event could trigger either:

1. A quick recovery as buyers jump in to defend key levels.

2. A further dip if bears gain control.

Watch volume spikes and key resistance levels closely. If bulls manage to reclaim $95,000, we could see a strong move upward. Stay cautious and always use proper risk management.

This is not financial advice. Always do your own research before trading!

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