Will Bitcoin Break Out or Correct in the Next 24 Hours? Long - Short Traders Need to Pay Special Attention!
With interest rates held steady at 4.5%, the crypto market is entering a dramatic phase. Bitcoin is currently hovering around the $102,500 mark, but is this a sign of a strong rebound or preparation for a deep correction?
Bullish scenario:
If Bitcoin breaks the resistance at $105,000, the bulls could push the price up to the $107,500 - $110,000 range, triggering a mass liquidation of short positions.
Bearish scenario:
If BTC loses the $100,000 level, selling pressure could push the price down to $97,500 - $95,000, where long positions risk being wiped out.
🔥 The market is entering a decisive phase – Traders need to keep a close eye to avoid getting caught in a big wave! 🚀 (Not investment advice.)
