Bitcoin $BTC Alert!
A $57.2K short position was wiped out at $97,243.00, signaling strong buyer dominance in the market.
Bulls seem to be in control, driving shorts to capitulate.
What Does This Mean?
This liquidation hints at growing confidence among buyers, potentially paving the way for further upside.
However, sharp movements like these often bring volatility, so stay alert!
Levels to Watch:
Immediate Support: $96,500
Resistance Zone: $98,000
Strategic Insight:
A push above $98,000 could spark more buying momentum.
Consider partial entries above resistance or waiting for a retest near support.
Keep stop-losses tight to manage risk effectively!
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