Short Liquidation Alert: $BTC
A whopping $291K short position has been liquidated at $96,968.90! Bulls are flexing their strength, and this could be the start of a new rally.
Crucial Levels to Monitor:
• Resistance: $97,500 – A breakout here could open the doors to $100K and beyond.
• Support: $96,500 – Bulls need to defend this zone to maintain upward momentum.
Our Take:
The market is showing signs of bullish continuation.
A clean break above $97,000 could signal a strong long entry.
However, be cautious of potential profit-taking near psychological levels like $100K.
Next Move:
Stay ready for volatility – $BTC might surprise both bulls and bears!
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