đThe crypto market just witnessed a monumental moment: $340,000 worth of Bitcoin shorts were liquidated at a jaw-dropping $100,260.00! This event highlights Bitcoinâs relentless bullish momentum as buyers dominate and bears retreat.đ
What Just Happened?
1ď¸âŁ Short Squeeze in Full Effect
⢠Bears are getting crushed as $BTC upward surge forces shorts to buy back their positions, amplifying the bullish trend.
2ď¸âŁ Intense Buying Pressure
⢠Liquidations create a cascading effect, driving prices higher as traders scramble to cover their losses.
3ď¸âŁ Psychological Breakthrough
⢠Breaking the $100,000 milestone has triggered market-wide euphoria, drawing in more investors eager to join the rally đ.
Key Levels to Watch đ
đš Buy Zone: $99,500 - $100,200
⢠A potential entry point for buyers looking to ride the bullish momentum.
đŻ Target Levels:
⢠$102,000: Immediate resistance.
⢠$105,000: Critical psychological level.
⢠$110,000: Major milestone if momentum continues.
âď¸ Stop Loss: $98,800
⢠Place your stop loss below the buy zone to minimize risks during potential pullbacks.
Whatâs Next for $BTC?
đ Bullish Scenario:
⢠If Bitcoin stays above $100,000, it could attract even more buying, pushing prices toward $105,000 or even $110,000.
đ Bearish Scenario:
⢠Failing to hold this level might lead to a retracement toward $98,500, presenting a re-entry opportunity for patient traders.
Market Sentiment: Bullish Signals
⢠Institutional Interest: Large players are likely fueling this rally.
⢠FOMO Effect: Retail investors are pouring in, adding to the upward momentum.
⢠Strong Fundamentals: BTCâs resilience at key levels bolsters confidence in its long-term growth.
đ The $BTC bull run is in full swingâare you ready to ride the wave? đ
đwhat are your thoughts đ¤
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