🚨 $BTC Short Liquidation Alert 🚨
A $7,427.50 short position on $BTC was liquidated at $97,729.90, signaling bullish momentum and potential for further upside.
This liquidation could trigger a powerful short squeeze as buying pressure mounts.
Analyzed Trade Plan for $BTC:
Entry Point: $97,750
Target: $99,500 (conservative) / $102,000 (aggressive)
Stop Loss: $96,000
Analysis:
Short liquidations often spark a price rally as shorts are forced to cover, adding buying pressure.
With $BTC pushing higher, expect it to test resistance levels and potentially break them.
Keep a close eye on volume and market sentiment for confirmation of sustained bullish momentum.
Move swiftly, stay focused, and manage your risk effectively.