🚨 $BTC Liquidation Alert Massive Long Wiped!
A $421K long just got liquidated at $104,801.30, shaking the market and signaling that some bulls were over-leveraged.
📊 What’s Happening:
Long liquidations of this size often flush weak hands, which can either trigger a short-term bounce or signal further downside if support levels fail.
BTC is testing critical support zones, making the next moves extremely important.
Volatility is high expect potential rapid swings, either a rebound or further pressure on price.
💥 Key Levels to Watch:
Support: $104,000–$104,500 buyers stepping in here could fuel a rebound.
Resistance: $105,500–$106,000 breaking above this could trigger short-covering and momentum buying.
Market Sentiment: This liquidation shows that a crowded long got cleared, possibly setting the stage for a short squeeze if buyers step in.
🎯 Suggested Next Moves:
1. Aggressive Traders: Enter a long near $104,500, targeting $105,500–$106,000, with a tight stop below $104,000.
2. Cautious Traders: Wait for confirmation of a bounce above $105,000 before entering to reduce the risk of a false rally.
3. Current Holders: Monitor support closely; if BTC fails to hold $104,000, consider tightening stops or partial profit-taking to protect capital.
🔥 Thrilling Takeaway:
This liquidation could ignite a rapid rebound if buyers step in near $104,500. Strong momentum could push BTC toward $106K+ quickly. Bulls have a chance to regain control, but volatility is extreme buckle up!
