Massive $BTC Long Liquidation!
A long position worth $81.3K was liquidated at $93,747.70. This indicates strong selling pressure at higher levels, as buyers failed to hold their ground.
Current Market View:
Resistance: $93,750 - $94,000
This is the area where selling pressure is strong. A breakout above this level could push $BTC higher, but it's a tough zone.
Support: $92,000 - $91,800
If BTC drops further, watch this range for potential buying activity. A breakdown here could lead to further losses.
Next Move Suggestions:
1. For Buyers:
Wait for a pullback to the $91,800 support zone. Enter only if it shows signs of a bounce with high volume.
2. For Sellers:
If BTC fails to break above $93,750, consider shorting near the resistance with a target around $92,000.
Use proper risk management to protect from sudden breakouts.
Caution: The market is highly volatile. Avoid overleveraging, and always stick to your plan.
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