Bitcoin $BTC Short Liquidation Alert
A massive $100,000 in short positions was liquidated at $93,861.70, signaling strong bullish activity.
This move shows buyers dominating the market, potentially setting BTC up for a significant breakout.
Key Price Levels to Watch
• Resistance: $95,000 – A break above this level could push BTC toward $96,500.
• Support: $92,500 – This zone may attract buyers on any pullbacks.
The liquidation suggests heightened buying momentum, and if BTC holds above $93,800,
it could test the resistance at $95,000. Failure to maintain this level might lead to a retest of the $92,500 support zone before a possible rebound.
Trade Setup
• Buy Entry: $93,500 - $93,800 (Target: $95,000, Stop Loss: $92,800)
• Sell Entry: $95,050 - $95,500 (Target: $93,800, Stop Loss: $95,800)
$BTC often shows sharp moves after consolidations.
Watch for volume spikes near resistance for potential breakouts.
Manage your trades carefully and stick to your risk strategy!
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