Major Long Liquidation Alert!
🔸 Bitcoin $BTC just witnessed a massive $250,000 long liquidation at $96,850.67.
This suggests bulls overextended their positions, leading to a sharp correction as the market turned against them.
What’s Next for $BTC ?
• Support to Watch: If selling pressure continues, BTC might test $96,000, a key zone for bulls to defend.
• Resistance Level: Any recovery would need to reclaim $97,500 to regain upward momentum.
• Market Insight: Such a significant liquidation often shakes market sentiment,
but Bitcoin's strong fundamentals could provide a quick recovery if buyers step in aggressively.
• Trading Tip: Use caution—volatility could spike. Short-term traders might look for opportunities around support,
while long-term holders may consider this a healthy retracement.
Stay vigilant; BTC always moves fast!
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