$BTC Long Liquidation: $43.008K at $93,496.5
A huge $43K long liquidation at $93,496.5 indicates strong selling pressure, pushing the price down after a big buy squeeze.
This could signal a potential downtrend or a shakeout before a recovery. Let’s dive into the details of what’s next for BTC!
Key Levels to Watch:
Support Zone:
$93,000–$93,300: The next critical support zone. If the price holds here, we could see a potential reversal.
Resistance Zone:
$94,000–$94,500: A breakout above this level could restore bullish momentum.
Trend Momentum:
The liquidation suggests bears are temporarily in control. Watch for a price reversal or further pullback depending on how BTC reacts to support.
Next Moves for Traders:
For Buyers:
Buy Zone: Consider entering between $93,000–$93,300 if the price starts to stabilize and show signs of recovery.
Targets:
Target 1: $94,000
Target 2: $94,500
Stop-Loss: Set a stop-loss at $92,700 to limit downside risk.
For Sellers:
If the price struggles to break $94,000–$94,500, consider shorting with a target back to $93,000 or lower.
Use a stop-loss above $94,500 to protect against a breakout.
For Scalpers:
Focus on the $93,300–$94,000 range for quick trades. Watch for breaks in either direction to adjust your position.
Pro Tip:
Volume Analysis: Volume spikes near support or resistance levels can help confirm the trend. Low volume at resistance might indicate a false breakout, while high volume signals strength.
Patience is Key: Let the market settle and confirm direction before entering any major trades.
$BTC is at a turning point—act with caution and precision!
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