#MarketRebound
Big $BTC Short Liquidation! đ
A massive $71.8K short got liquidated at $99,356.12. This shows strong bullish momentum is kicking in! Traders are getting squeezed, and the market might be gearing up for its next big move.
Support & Resistance Levels:
Support: $95,000 â A crucial level where buyers may step in.
Resistance: $100,000 â The psychological barrier that could spark heavy selling.
Whatâs Next?
Bullish Scenario: If $BTC BTC breaks $100,000, it might head for new all-time highs. Consider placing a buy stop above resistance to ride the breakout.
Bearish Scenario: If BTC rejects $100,000, watch for a retest of $95,000. A failure to hold support might signal a sell-off.
Suggestion:
For risk-takers: Buy the breakout above $100K with tight stops.
For cautious traders: Wait for a confirmed pullback to $95K for a long entry.
Bears might consider selling below $95K if momentum turns bearish.
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