$BTC BEARISH BREAKDOWN ๐จ๐ฅ | LONG LIQUIDATIONS SPIKE!
BTC has seen over $58.9M longs liquidated in the last 48H โ a clear sign of weakness as bulls lose control. Price is currently hovering near $61,200, struggling to hold key support.
๐ Key Levels:
Resistance: $63,000 โ $64,200 (major rejection zone)
Support: $60,500 โ $59,800 (critical level to watch)
โก Trade Setup (Short Entry):
Entry: $61,000 โ $61,500
Targets (TP):
๐ฏ TP1: $60,000
๐ฏ TP2: $58,500
๐ฏ TP3: $57,000
Stop Loss (SL): $63,500
๐ฃ If BTC breaks below $59,800, expect further downside pressure toward $57K as liquidity clusters build up there.
๐ก๏ธ Risk Management:
Use max 2โ3% of capital per trade, always set SL, and avoid chasing entries during high volatility.
#BTC #CryptoAnalysis #BitcoinCrash #BearishSetup #CryptoTrading #RiskManagement $ETH
