$BTC Short Liquidation: $49.448K at $98896.54
A significant short liquidation of $49.448K occurred at $98896.54, indicating potential for upward momentum in the market.
Entry: $98896.54
The liquidation point at $98896.54 is a critical level for entering long positions, as $BTC may experience continued bullish pressure.
Target: $100,500
The next resistance level for $BTC is $100,500, offering a 1.5-2% upside from the entry point.
Stop Loss: $97,500
Place a stop loss at $97,500 to protect against downside risk if the market reverses unexpectedly.
Analysis:
The $49.448K short liquidation at $98896.54 signals a bullish outlook for $BTC. Watch for movement towards $100,500 while managing risk with a stop loss at $97,500.