$BTC Liquidation Heatmap Analysis 📊
Looking at the Binance $BTC 24h liquidation map, we see a significant cluster of long liquidations building up around the $108,000 to $108,500 range. This suggests a potential downside movement to "squeeze" these long positions.
However, once those longs are cleared, there's a relatively clearer path upwards, with some resistance around $109,500. A move above this could trigger short liquidations, pushing the price higher.
Scenario: We might see a dip towards $108,000 - $107,500 in the next few hours to clear out over-leveraged long positions 📉. After this initial flush, expect a bounce back up as shorts get squeezed, potentially targeting $109,500 and even higher towards $110,000 🎯.