$BTC Liquidation Position: $73.5K at $106,010.10

Longs have just been liquidated — $73.5K wiped out at $106,010. Price is rejecting overhead pressure, and buyers are getting flushed.

This indicates weakness near resistance. Bulls are overextended, and the market is now correcting. Liquidity has been swept away, and unless buyers recover quickly, further declines are likely.

Key Levels to Watch:

• Support Zone: $105,500 — must hold to prevent deeper declines

• Downside Risk: Below $105,000 opens the door for sharper declines

If Downtrend Continues:

• TG1: $104,200

• TG2: $102,800

• TG3: $100,500 — psychological level and strong demand zone

Next Steps:

If BTC fails to reclaim $106K soon, expect bleeding towards lower support. Watch for a potential bounce at $105.5K — but if that breaks, momentum favors bears.

The liquidity event has just flushed out overly leveraged longs. Bulls need to re-enter quickly, or the next step could be a decline.