$BTC Short Liquidation: $6.6269K at $105,189.2!

Details:

Type: Short Position Liquidation

Liquidated Amount: $6.6269K

Price Level: $105,189.2

What Happened?

BTC’s unstoppable surge caused short sellers to close their positions at $105,189.2.

This liquidation amplified buying momentum, further fueling the rally.

What’s Next?

1. Key Levels to Monitor:

Resistance: $106,000 – A breakout here may lead to $108,000.

Support: $104,500 – Holding this zone signals strength for further gains.

2. Market Sentiment:

Bullish: Strong demand and short liquidations indicate growing market confidence.

Next Target: $108,000 if BTC sustains upward pressure.

3. Action Plan for Traders:

For Buyers: Look for pullbacks near $104,500 to enter with reduced risk.

For Sellers: Wait for resistance at $106,000 or reversal signals before shorting.

Conclusion:

BTC’s explosive rally is powered by relentless buying pressure, with liquidations boosting the climb.

Keep an eye on $106,000 and $108,000 for breakout opportunities while managing risk carefully!

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