MASSIVE BTC SHORT LIQUIDATION!
A $BTC staggering $100,000 short position just got wiped out at $105,243.70! This signals intense buying pressure, forcing short sellers to exit the market.
📊 Market Insight:
Liquidations at this level suggest bulls are overpowering sellers, potentially fueling further upside.
If resistance breaks, we could see BTC testing higher levels rapidly.
However, if price faces rejection, expect a short-term retracement before the next major move.
📈 Next Move
Bullish Scenario: A confirmed breakout above $105.5K could ignite a rally toward $108K-$110K.
Bearish Scenario: Failure to hold support may lead to a pullback towards $102K-$103K before another attempt higher.
Stay vigilant! Volatility is high, and strategic entries are crucial. Keep an eye on funding rates and liquidity levels for further clues.