The $BTC /USDT Liquidation Map shows critical data on leverage levels and potential liquidations.

With the current price near $29,364, significant activity on both long and short liquidations is visible.

Let’s break down what this means and the next steps for traders.

Market Insights:

1. Leverage Analysis:

Heavy short liquidations are stacked on the downside.

Long liquidations increase as the price moves higher, especially around key resistance levels.

2. Key Zones:

Cumulative Long Liquidations: Concentrated in the $29,500 - $30,000 range.

Cumulative Short Liquidations: Major areas are between $28,500 - $29,000.

3. Market Sentiment: High leverage suggests volatility ahead. The market may hunt these levels for liquidity.

What’s Next for BTC?

$BTC is poised to move toward areas with high liquidation pressure. Here’s what traders should consider:

Buy Zone, Targets, and Stop Loss:

Buy Zone: $28,800 - $29,000 (Watch for liquidity grabs at lower levels).

Target 1: $29,600 (Immediate resistance).

Target 2: $30,000 (Critical psychological level).

Target 3: $30,500+ (Breakout potential).

Stop Loss: Below $28,500 (To protect against further downside).

Key Levels to Watch:

Support Levels:

$29,000 (Major support for bulls).

$28,500 (Critical support zone; breaking below could trigger short liquidations).

Resistance Levels:

$29,600 (Immediate barrier).

$30,000 (Major liquidation area for longs).

Final Thoughts:

$BTC is in a high-volatility zone, and both long and short liquidations are in play...

Traders should expect sharp moves toward the $30,000 level if bulls maintain control.

On the downside, a breakdown below $29,000 could lead to a liquidity grab at $28,500.

Pro Tip: Monitor volume spikes and open interest.

A strong breakout above $30,000 could trigger aggressive buying, while a dip below $28,500 may lead to a cascade of liquidations.