$BTC Market Update

Liquidation Alert:

$50.3K in short positions were liquidated at $99,333.00, indicating strong buying pressure and potential bullish momentum.

Market Overview:

$BTC has seen short liquidations, suggesting buyers are stepping in. If this momentum continues, BTC could push toward higher resistance levels. However, a failure to maintain support may lead to a pullback.

Key Levels to Watch:

Resistance: $100,000 – $100,500 (Breaking above this range could fuel a stronger rally)
Support: $98,500 – $98,000 (Holding this level is crucial to sustain upward movement)

Trade Strategy:

Buy Zone: $98,500 – $99,500 (If price stabilizes above support and confirms bullish strength)
Sell Zone: $100,000 – $100,500 (If price struggles to break above resistance)
Target: $101,500+ (If BTC gains momentum and surpasses resistance)

Market Sentiment:

With short liquidations, $BTC is showing signs of strength. If support holds, a breakout above $100K could drive further gains. A failure to sustain above $98.5K might trigger a correction.

Keep an eye on market reactions and adjust your strategy accordingly.

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