$BTC Liquidated Long: $144K at $98486.36
A large long liquidation of $144K occurred at $98486.36, signaling potential for downside pressure in the market.
Entry: $98486.36
The liquidation point at $98486.36 is a key level for short entry. Traders may want to take short positions as the market reacts to this liquidation.
Target: $95,000
The next support level for $BTC is around $95,000, providing a target for potential downside movement. This represents a 1-2% drop from the current price.
Stop Loss: $101,000
Set a stop loss at $101,000 to manage risk in case of a market reversal. This level offers protection if the price moves against the short position.
Analysis:
The $144K long liquidation at $98486.36 for $BTC indicates possible downside. Watch for a move toward $95,000 while keeping a stop loss at $101,000 to manage risk.