🟢 $BTC Liquidated Short: $148K at $95822.40
A massive $148,000 short position was liquidated at $95,822.40, suggesting strong bullish pressure. This could signal a continuation of upward momentum, but traders should watch key levels for confirmation.
Support and Resistance Levels:
Immediate Support: $95,500
(Holding this level confirms bullish strength.)
Next Support: $94,800
(A breakdown here could trigger profit-taking.)
Immediate$BTC Resistance: $96,200
(Needs to break for further upside.)
Key Resistance: $97,000
(Critical level for sustained bullish trend.)
Suggested Strategy:
If Price Holds Above $95,500: Consider buy entries targeting $96,200, with a stop-loss below $95,300.
If Price Breaks Above $96,200: Look for confirmed momentum to ride toward $97,000.
If Price Fails to Hold $95,500: Avoid longs and wait for a pullback to $94,800 for a better entry.
Focus on Risk Management:
With high volatility in play, use tight stop-losses and only trade with capital you can afford to lose. Let the price action guide your decisions.