$BTC Short Liquidation Alert
A massive $218K short position was liquidated at $98,600, reinforcing Bitcoin's bullish dominance as bears get squeezed out of the market.
Key Price Levels
Support: $97,800
Resistance: $99,500
What’s Next for $BTC ?
Bitcoin is steadily climbing toward the psychological level of $100,000. If it clears $99,500, it could rally sharply.
On the downside, losing $97,800 might lead to a short-term correction toward $96,500.
Strategic Entry Points
• For Buyers: Consider entries around $98,200-$98,500, aiming for targets near $99,500-$100,000.
• For Sellers: Wait for signs of rejection near $99,500-$99,800 to open a short position with stops above $100,200.
Market Trend:
Strong bullish momentum, but keep an eye on profit-taking near $100K.
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