Massive Short Liquidation on $BTC
A $60.5K short position was liquidated at a staggering price of $93,982.00. This event indicates strong bullish momentum as sellers were forced to exit.
Key Levels to Watch:
Resistance: $94,500
Support: $92,800
What’s Next for Bitcoin?
$BTC is showing signs of strength, but it must break above the $94,500 resistance to confirm further upward movement. Failing to do so might lead to a retest of the $92,800 support.
Trading Plan
Buy Zone: $92,800 - $93,000
Sell Zone: $94,300 - $94,500
Keep tight stop losses and watch for market reactions at key levels. Trade carefully!