$BTC recently saw a massive short liquidation, with a whopping $5.0064K liquidated at a price of $94,460.00! This highlights the intense volatility in the market and the power of short squeezes, where those betting against Bitcoin got forced out of their positions as prices surged.

What’s Next for Bitcoin.

Given the huge short squeeze, BTC could experience further price movement, either pushing higher or potentially facing some retracement. Here's what to keep an eye on in the coming days.

1. Current Market Sentiment. The market is likely to remain volatile, and traders need to be cautious. The liquidation of shorts can cause price surges, but these can also lead to pullbacks as profit-taking happens.

2. Technical Indicators. Look out for key levels of support and resistance. If BTC pushes past recent highs, it could continue its upward momentum, but if it fails to hold above certain levels, there could be a correction.

Trading Plan.

1. Buy Zone.

Ideal Buy Zone: $90,000 - $92,000

This range represents potential support areas if the price corrects after the recent surge. If BTC dips to these levels, it could be a good opportunity to buy in at a lower price.

2. Target Levels.

Short-Term Target: $98,000 - $100,000

BTC could aim for new highs, especially with the current bullish momentum. The $98,000 - $100,000 zone is a key resistance area where we could see some price rejection or consolidation.

Long Term Target: $105,000 - $110,000

In a strong bull run, BTC may push to these levels. Keep an eye on the market’s reaction to the $100,000 resistance, and if it breaks through, expect further upside.

3. Stop Loss.

Stop Loss Range: $85,000 - $88,000

Set your stop loss just below the buy zone to protect your trade in case BTC moves against your position. If BTC drops below $85,000, it might signal a deeper pullback, and it's best to exit.

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