$BTC Long Liquidation Alert: $10.357K at $104,676.54
A major long liquidation of over $10,357,000 has just been triggered at the massive psychological resistance zone of $104,676.54, hinting at a potentially dangerous shift in momentum. This is not just a number—this is where bulls just got punished.
Market Sentiment Breakdown:
The liquidation suggests that over-leveraged long positions were squeezed out brutally as Bitcoin attempted to stretch into uncharted territory. This level was always going to be a battlefield—and the bears just made their move.
$BTC Technical Analysis (Short-Term to Mid-Term)
Current Price Range: Near $104,000
Key Resistance: $104,500 – $105,000
Key Support: $98,500 – $96,000
Fresh Trade Setup:
Sell/Shorting Zone (Bearish Opportunity):
Zone: $104,200 – $105,500
Rationale: Price rejected near ATH; liquidation indicates top pressure building up.
Target Levels (Short Trade):
Target 1: $100,800
Target 2: $98,300
Target 3: $96,200
Stop Loss (Strict Risk Management):
SL: $106,200 (Above recent wick trap zone)
Alternate Bullish Play (If Reversal Happens):
If Bitcoin breaks above $106,200 with strong volume, this liquidation could turn into fuel for a breakout.
Buy Zone (Only on Confirmed Retest):
Zone: $106,300 – $107,500
Target: $110,000 and above
Stop Loss: $104,800
Final Thoughts:
This massive liquidation is not just noise—it's a warning shot. The market has entered a high-stakes zone where volatility will punish the greedy and reward the patient. Let the chart speak. React, don't predict.
If you want an update based on real-time price movements or liquidation heatmaps, just ask.