$BTC Liquidation Alert
A $190,000 short position was liquidated at $95,941.10, suggesting a surge in bullish momentum as traders betting on a price drop were caught off guard.
This move could indicate further upward strength in Bitcoin.
Key Insights:
• Market Sentiment: The liquidation shows strong buyer pressure, potentially paving the way for more upside.
Critical Levels:
• Support: $95,600 – Holding above this level could solidify the bullish case.
• Resistance: $97,000 – A breakout here might trigger a rally toward $98,000.
Next Move Recommendation:
• For Bulls: Look for entries near $95,700 with stop-losses slightly below this level to capitalize on continued upward movement.
• For Bears: Be cautious; only consider shorting if the price fails to breach $96,000 convincingly.
Stay disciplined and trade the trend!
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