$BTC
Market Analysis
The massive long liquidation at this level indicates aggressive profit-taking or over-leveraged positions being wiped out. With such a liquidation spike, BTC often sees strong volatility, creating opportunities for traders.
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What’s Next?
Buy Zone
We expect a potential recovery or dip-buying opportunity around:
$29,800 to $30,500
This zone has strong historical support and could attract fresh buying interest.
Target Levels
If $BTC holds this range, key targets to the upside are:
Target 1: $31,500
Target 2: $33,000
Target 3: $35,000 (strong resistance zone)
Stop Loss
To manage risk effectively, place your stop loss just below key support at:
$29,500
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Risk Warning & Strategy
1. Volume Confirmation: Wait for clear buy signals, such as strong volumes or bullish candles, before entering.
2. Watch Resistance Zones: The $35K mark could face heavy resistance if