Market Alert: $BTC Liquidation Spotted!
A long position worth $296K has been liquidated at $93,893.27. This indicates increased selling pressure as bulls lose control at higher levels.
Support & Resistance Levels:
Support: $93,500 – Key level to watch; further weakness could drag BTC to $93,000.
Resistance: $94,500 – Critical zone for recovery; a sustained break above could attract buyers.
What’s Next?
1= If $BTC holds above $93,500, a bounce back toward $94,000–$94,500 is possible. Look for short-term buying opportunities with stops below $93,400.
2= If BTC slips below $93,500, it could accelerate to $93,000 or lower. Consider short positions with targets near support zones.
Pro Tip:
Keep an eye on macro trends and market sentiment for direction.
Use stop-loss orders to protect capital, especially in volatile conditions.
Stay disciplined and follow your plan. The market always rewards patience!