š“ $BTC $208K Liquidated ā BTC Just Faked Out the Market and Flipped Bullish.
Bitcoin ($BTC ) flushed out overleveraged longs with a $208K liquidation at $103,905.10, but instead of breaking down, it snapped back with relentless forceāa textbook liquidity grab that now sets the stage for a breakout continuation.
šā”ļøš Price Action Recap:
After tapping $105.2K and sharply rejecting, BTC dipped to $103.9K, triggering panic sells and stop hunts. But the bounce was immediate, reclaiming $104.5K and pushing into higher lows on strong bullish structure. Momentum has shifted decisively in favor of buyers.
š Volume Spike = Conviction:
Volume has spiked nearly 40% in the last 24H, confirming that this rebound isnāt noiseāitās accumulation. The liquidation flushed out weak positions and provided institutional-grade entries. BTC is now pressing against local resistance with strength.$BTC
š Technical Landscape:
Resistance: $105.8K (minor), $107.5K (major breakout level)
Support: $103.9K (liquidation zone), $102.4K (trendline base)
Ideal Entry Zone: $104.6Kā$105.1K on retest and hold
šÆ High-Conviction Setup:
Entry: $104.8K (post-reclaim confirmation)
Target 1: $107.5K
Target 2: $110K psychological breakout
Stop-Loss: $102.9K (below trendline & liquidation wick)
Clean setup with strong upside and minimal structural risk. Risk-reward is stacked in favor of bulls.
ā” Time Is Critical ā Breakout Eyes $110K Next
BTC just turned a liquidation drop into a springboard for expansion. Structure, momentum, and volume are in alignment. If $107.5K cracks, this could escalate into a full-blown breakout rally.
