#CryptoReboundStrategy
$14.26K in $BTC shorts just liquidated at $98,319.5! The king of cryptocurrencies is making a statement, chasing away bears while bulls push prices to new highs. Is this the setup for a historic breakout? Let’s dive into the details and plan the next move.
Safe Entry: $97,800 - $98,300 (Key Support Area).
Momentum Entry: Above $98,500 if rally strengthens.
Short-Term Target: $99,500 (Immediate Resistance).
If BTC stays above $98,300 on strong volume, expect a push towards $99,500. Breaking above that level could trigger a rise towards the $101,000 mark, possibly attracting even more buyers.
Bearish Scenario: If BTC drops below $97,800, we could see a correction to $97,000 or even $96,500, signaling a short-term correction.