Breaking: Short Liquidation Spotted!
$BTC : A hefty $98.3K short position was liquidated at $96,507.30, showing bulls are firmly in charge.
What This Means:
The liquidation reflects strong buying pressure, likely fueling further upside momentum.
A push above $97,000 could ignite a rally toward psychological levels like $98,000 or even $100,000.
If rejection occurs, we might see a pullback to support near $96,500.
Strategy Suggestion:
• Bulls: Look for confirmed breakouts before entering long positions.
• Bears: Wait for signs of exhaustion before considering short entries.
Keep emotions in check and let the charts guide your trades!
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