Alert for significant short liquidation on $BTC : $7.5 million was liquidated at $102,799.56
The bears have just been defeated, with massive short positions worth $7.5 million liquidated near the $102,799 level. This is not just a number; it is a statement from the optimists.
The market is experiencing a significant rise, and the momentum is real. The liquidation wall indicates great confidence from buyers, but what comes next is the real resolution.
Technical Analysis
Trend: Extremely Bullish
Momentum: Strong continuation with volume confirmation
Breakout Level: The psychological resistance at $100,000 has turned into support
Buy Zone (Re-entry Zone)
$98,200 - $100,800
If there is a strong pullback, this area provides a high probability for entering a long position. Previous resistance now acts as support. Look for candle confirmation before entering.
Targets
Target 1: $105,400
Target 2: $109,800
Target 3: $115,000 (Extended wave drop)
Stop Loss
$96,400
Clear invalidation point below the previous structural low. Breaking this level will indicate a fading momentum and a potential reversal.
The Final Word
This sharp increase in liquidation is not just noise; it is an indicator of a shift in power. With the liquidation of short positions and buyers taking control, the path is being paved towards new peaks in real-time. But remember - equivalent movements are always accompanied by volatility.
Stay focused. Trade smart. Ride the wave, not the noise.#MyCOSTrade #TrumpVsMusk #MarketPullback #BinanceAlphaAlert #EDGENLiveOnAlpha
