$BTC Massive BTC Long Liquidation!

A whopping $189K long position has just been liquidated at the $98,680.30 mark—a significant event that hints at potential volatility in the market. Such movements often occur near key levels, indicating either a liquidity hunt or a market maker's strategy to reset positions.

Analysis & Next Move

BTC is displaying signs of exhaustion after a sharp move. This liquidation could signal:

1️⃣ Bullish Case: A potential rebound if bulls regain control and push above the nearest resistance zone.

2️⃣ Bearish Case: Continuation of a downside trend if sellers capitalize on this momentum.

📊 Key Levels to Watch:

Support: $96,800

Resistance: $99,500

🛑 Signal: Exercise caution. If BTC remains under $98,500, the trend could shift bearish. Stay prepared for sudden swings!

#MarketPullback #BinanceAlphaAlert #VeThorOnBinance #SOLETFsOnTheHorizon