$BTC Short Liquidation Alert 💥

A massive short liquidation worth $190.49K occurred at a price of $98,191.90! This indicates strong bullish momentum as traders betting against BTC got liquidated. Could this be a signal for further upward movement? Let’s break it down!

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Market Analysis: What’s Next?

Bitcoin is showcasing impressive strength, reaching new heights and triggering short liquidations. This could be the start of a sustained rally as bulls dominate the market.

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Buy Zone

Ideal entry points are between $96,500 - $97,800, as BTC is consolidating before its next potential move.

Watch closely for any dips to this range for a safer entry.

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Target Levels

1. Short-Term Target: $100,000 – The psychological resistance level that could see heavy profit-taking.

2. Aggressive Target: $105,000 – A breakout above $100,000 could send BTC into a rapid surge toward this level.

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Stop Loss

Place a stop loss at $94,800 to minimize risks if Bitcoin experiences sudden corrections.

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Key Factors to Watch

1. Market Sentiment: Growing bullish sentiment is driving prices higher.

2. Resistance Levels: Watch the $98,500-$100,000 zone carefully, as this could be a battleground between bulls and bears.

3. Volume Trends: Increased buying volume could confirm a breakout above $100,000.

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Conclusion

Bitcoin is on the verge of a historical breakout. With short liquidations fueling the rally, this might be the moment traders have been waiting for. However, always manage your risks, as crypto markets are highly volatile.

Stay alert and trade smart!

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