$BTC Bitcoin Bears Take Control! $147K Long Liquidated at $104,180!
A $147K long position was liquidated at $104,180, shaking up the market and signaling a possible shift in sentiment. With this significant liquidation, bullish momentum is showing signs of weakening, and bearish pressure may now dictate the direction.
📉 Market Breakdown:
🔸 The $104,180 liquidation marks a critical level where bullish positions were unable to hold, and bears have started to dominate.
🔸 If BTC fails to reclaim the $104,500-$105,000 zone, we could see more downside, with $102,500 or even $101,000 as potential support levels.
🔸 A drop below $101,000 could prompt further sell-offs, testing deeper support zones and creating additional volatility.
📊 What’s Next for BTC?
✅ Bearish Continuation: If Bitcoin struggles to break above $104,500, the risk of further declines toward $102,000 or lower increases.
❌ Bullish Reversal: A strong move above $105,000 could restore some bullish momentum, targeting $107,000 as the next resistance point.
💡 Strategy Outlook:
🔸 Bearish Traders: Watch for a clean break below $103,000 for entry signals targeting $102,500 or lower.
🔸 Bullish Traders: A reclaim of $105,000 may offer a potential entry for a recovery rally.
🔸 Manage risk carefully—volatility is high after major liquidations, and swift price action could occur.
⚡ BTC is facing a critical phase—keep an eye on these levels for the next major move!
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