🚨 $BTC Market Update: Major Long Liquidation Alert! 🚨

A significant $9.724K long position was liquidated at $113,079.4, signaling heightened volatility in the Bitcoin market. Traders are feeling the squeeze as price action tests critical resistance levels.

📊 Market Insights & Sentiment:

The recent long liquidation hints at short-term uncertainty, with bulls being tested at current highs.

Bitcoin is showing signs of profit-taking pressure, but strong institutional interest suggests underlying strength remains.

Market sentiment is cautiously bullish, as crypto dominance is consolidating and altcoins may follow BTC’s lead.

🎯 Future Targets:

Immediate Support: $110,500 – a key level to watch for potential rebounds.

Next Resistance: $115,000 – breaking this could trigger another wave of bullish momentum.

Long-Term Outlook: If BTC holds above $112K, the path toward $120K+ remains possible in the coming weeks.

💡 Pro Trading Tips:

1. Use stop-losses wisely to protect against sudden liquidations in volatile markets.

2. Monitor leverage exposure – high leverage can amplify risks in both directions.

3. Watch altcoins for correlation plays – BTC’s moves often dictate the broader market trend.

4. Stay updated with on-chain data for whale activity and funding rates to anticipate sudden swings.

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