A significant long position in Bitcoin $BTC was liquidated at $98,762.80, totaling $129,000.
Support and Resistance Levels:
Support:
$98,022.74
$96,988.66
$96,332.80
Resistance:
$99,712.69
$100,368.55
$101,402.63
These levels are $BTC based on recent technical analysis.
Recommendation:
Given the recent liquidation and current market conditions, it's advisable to exercise caution.
1=The market exhibits several negative signals, suggesting potential weakness in the near term.
2= Therefore, a sell position is recommended.
Note: Always conduct your own research and consider your risk tolerance before making trading decisions.
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