🚨 $BTC Short Liquidation Alert! 🚨
A short liquidation of $6.3057K just occurred at an eye-popping $97,010.3! Bitcoin's bulls are flexing their muscles, crushing shorts at this monumental price level. Is this the beginning of a parabolic rally, or will the market take a breather? Let’s map out the next move! 🚀
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What’s Next for $BTC ?
Here’s a step-by-step trading plan to navigate this action:
Buy Zone:
Look to enter between $96,500 and $97,200 (wait for minor pullbacks or consolidation for safer entry).
Targets:
1. $98,000 – First target (psychological resistance).
2. $99,500 – Second target (key resistance before breaking six figures).
3. $101,000 – Bonus target (if bulls maintain strong momentum).
Stop Loss:
Place your stop below $96,000 (to limit downside risk if a reversal occurs).
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Why This Matters:
Short liquidations like this often create powerful upward pressure, as sellers are forced to cover their positions by buying back Bitcoin.
Bitcoin is inching closer to the historic $100,000 level, a milestone that could bring heightened volatility and opportunity.
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Pro Tips for Trading $BTC :
1. Monitor Volume: A spike in volume near $97,000 would confirm buyer dominance.
2. Keep an Eye on Sentiment: Bitcoin’s trajectory could influence the entire crypto market.
3. Stay Disciplined: Don’t chase price action if it moves too fast—stick to your strategy.
⚡ Final Thought: Bitcoin is making bold moves, but this level demands caution and patience. Follow your plan, manage your risks, and aim for smart gains. The road to $100K is near—trade wisely! 🚀
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