#BTCBreaksATH
Bitcoin Short Liquidation Alert: $225K at $103,893.20!
Liquidation Details: A massive short position was just liquidated, signaling intense volatility in the market.
This shakeout could mark a critical turning point.
š Key Levels to Watch:
Immediate Resistance: $104,200 ā A break above this level could signal bullish momentum towards $105,000.
Immediate Support: $103,500 ā Holding this level is crucial to avoid further downside towards $103,000.
ā” Market Momentum: This liquidation suggests short-sellers are getting squeezed, often followed by a rally.
However, watch out for traps in case of a false breakout.
Next Move Prediction:
A break above $104,200 could ignite a short-term surge.
If $103,500 support breaks, expect retests near $103,000 for consolidation before the next move.
Action Plan: Trade cautiously in this high-volatility zone. Tight stops and defined targets are crucial!
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