Massive $BTC Short Liquidation: $340K at $100,260.00!
The crypto market just witnessed a jaw-dropping event: $340K worth of Bitcoin shorts liquidated at an astonishing price of $100,260.00. This massive liquidation reflects the relentless bullish momentum in BTC, with buyers overpowering the bears.
What Does This Mean?
1. Short Squeeze in Action: Bears are getting crushed as BTC continues its upward march.
2. Increased Buying Pressure: Liquidations force shorts to buy back $BTC , fueling further price gains.
3. Psychological Milestone: Crossing $100,000 has ignited market euphoria, attracting more investors.
Key Levels to Watch
Buy Zone: $99,500 - $100,200
This range offers a potential entry point for buyers looking to ride the bullish wave.
Target Levels:
Target 1: $102,000 (Immediate resistance)
Target 2: $105,000 (Key psychological level)
Target 3: $110,000 (Major milestone if momentum continues)
Stop Loss: $98,800
Place your stop loss below the buy zone to manage risks effectively.
What’s Next for $BTC ?
If BTC sustains above $100,000, it could trigger a fresh wave of buying, driving prices toward $105,000 or higher.
However, failure to hold this level might lead to a pullback toward $98,500, offering a chance for re-entry.
Market Sentiment
Bullish Factors