🚨 Big Liquidation Alert! of BTC
$200K $BTC Long just liquidated at $96,635.20. This is a significant event, indicating intense market activity.
Current Market Insights:
Support Level: Closest strong support at $95,500. Watch this area closely; a break below could signal further downside.
Resistance Level: Major resistance seen around $97,500. A breakout above this zone might spark bullish momentum.
What's Next?
If BTC approaches support ($95,500):
Watch for signs of buying pressure. If the price holds, it could be a good entry point for a long position.
If $BTC BTC nears resistance ($97,500):
Look for rejection signals. Consider a short position if the price struggles to break above.
Suggestion:
Short-term traders: Wait for a confirmed breakout above $97,500 or a breakdown below $95,500 before taking action.
Long-term traders: Use these levels to manage risk and assess potential entry points.
Keep an eye on volume and market sentiment! Sharp moves could be incoming.
#BTCNextMove #MarketCorrectionBuyOrHODL? #GrayscaleSUITrust #USUALBullRun