$BTC - MARKET UPDATE ALERT ‼️
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