#BTCNextMove
$BTC Short Liquidation Alert! đš
A short liquidation of $6.3057K just occurred at an eye-popping $97,010.3! Bitcoin's bulls are flexing their muscles, crushing shorts at this monumental price level. Is this the beginning of a parabolic rally, or will the market take a breather? Letâs map out the next move! đ
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Whatâs Next for $BTC ?
Hereâs a step-by-step trading plan to navigate this action:
Buy Zone:
Look to enter between $96,500 and $97,200 (wait for minor pullbacks or consolidation for safer entry).
Targets:
1. $98,000 â First target (psychological resistance).
2. $99,500 â Second target (key resistance before breaking six figures).
3. $101,000 â Bonus target (if bulls maintain strong momentum).
Stop Loss:
Place your stop below $96,000 (to limit downside risk if a reversal occurs).
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Why This Matters:
Short liquidations like this often create powerful upward pressure, as sellers are forced to cover their positions by buying back Bitcoin.
Bitcoin is inching closer to the historic $100,000 level, a milestone that could bring heightened volatility and opportunity.
