Long Liquidation Alert!
$BTC /USD Perpetual just witnessed a massive $303K long liquidation at $105,291.
Key Details:
Liquidation Type: Long
Price Level: $105,291
Amount Liquidated: $303K
What’s Next for $BTC ?
1. Downtrend Risk: Such large liquidations often indicate bearish pressure, and more downside could follow.
2. Support Zones: Watch for $105,000 as the next crucial support level. If it breaks, expect BTC to test $104,500 or lower.
3. Reversal Potential: A bounce back may occur if whales step in at discounted levels.
Strategy:
Bears can short rallies for potential profits.
Bulls should wait for a strong reversal confirmation before re-entering.
Stay sharp. Big moves incoming!
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