A massive $103K in Bitcoin shorts just got wiped out as $BTC blasted through $106,430!
🐻 The bears tried to fight... and got buried. 💀
This short squeeze is a classic bullish signal – the shorts are getting wrecked, and the bulls are opening the gates to higher levels.
📈 What’s Next for Bitcoin ($BTC )?
After this kind of liquidation, the momentum often shifts in favor of the bulls. Short sellers are being forced out of their positions, and price action can spike fast.
🎯 Take Profit (TP) Targets:
TP1: $107,800 – Small breakout above the recent local high
TP2: $109,500 – Key resistance zone, a big test for the bulls
TP3: $112,000 – Bull run territory, serious upside potential
⚠️ Risk Zone to Watch:
If $BTC falls back below $105,500, the bullish momentum could fade. Keep an eye on that level – it’s critical for the trend.
📊 My View:
Right now, I’m short-term bullish on Bitcoin. This short squeeze shows strength, and bulls have the upper hand for now. But remember – crypto moves fast. Lock in profits when you can and always use stop-loss.
🔔 Want to catch BTC’s next big move before it happens? Follow me and stay tuned for live updates, signals, and analysis. 💬
