$BTC Update: $15.089K Short Liquidation Spotted at $104061.2
A significant short squeeze has occurred, with $15.089K liquidated at $104061.2.
This shows strong buying pressure, forcing shorts to exit their positions.
Support and Resistance Levels:
Support: $103,500
Resistance: $105,200
Next Move Suggestion:
$BTC may attempt to retest the $105,200 resistance. If broken, we could see a quick rally towards $106,000.
However, if it fails to hold above $103,500, a drop to $102,800 is possible.
Trading Plan:
• Buy: If price stays above $103,800, entry at $104,000.
• Sell: If it struggles near $105,200, short from $105,000.
Keep stops tight and monitor the trend for confirmation before entering!