$BTC Liquidated Short:

$413K at $95661.46

Market Context

Liquidation Volume:

A significant $413K short liquidation indicates strong upward momentum. Large liquidations often trigger further price movement in the prevailing direction (in this case, bullish).

Key Resistance Level: $95,661.46 represents a notable price level where short positions have been wiped out.

Key Levels to Watch

1. Immediate Resistance:

Psychological Barrier: $96,000–$97,000

Technical Zone: Historical high-volume nodes near $96,200.

2. Support Levels:

$95,500 (recent support zone, potential retest).

$94,800 (previous breakout level).

Trading Strategy

Bullish Momentum: Consider scaling into long positions if $BTC holds above $95,600 with strong volume.

Risk Management: Tight stop-loss around $94,800 to manage downside risk.

Upside Potential: A sustained move past $96,200 could open the door to $98,000–$100,000 targets.

Indicators to Monitor

Funding Rates: Elevated rates may signal excessive leverage, increasing the likelihood of reversals.

Volume: Watch for above-average volume to confirm breakout strength.

Stay disciplined and responsive to real-time market dynamics!

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