Bitcoin has seen a long liquidation of $9.5055K at $95,055.4. This means traders with leveraged long positions at this price level were forced to sell, adding selling pressure.
Now, let’s analyze the next move and find the best Buy Zone, Target, and Stop-Loss for a potential trade.
Market Analysis & Next Move
Price Movement
$BTC is experiencing strong volatility around $95,000.
The liquidation suggests some buyers got trapped, leading to a possible dip.
If $BTC holds key support, it may bounce back strongly.
Support & Resistance Levels
Strong Support: $92,000 - $93,500
Major Resistance: $97,500 - $100,000
Best Trade Setup for Bitcoin (BTC)
Buy Zone (Entry Area)
$92,500 - $93,800 (Best area for buying)
Why? This zone has strong support, and BTC may bounce from here.
Target Levels (Profit Booking)
First Target (T1): $96,500
Second Target (T2): $98,800
Final Target (T3): $100,500
Stop-Loss (Risk Management)
SL: $91,500 (If BTC drops below this, it may fall further)
Key Trading Tips
1 Always use a stop-loss to manage risk. 2 Don't invest more than you can afford to lose. 3 Watch for Bitcoin’s reaction at $93K—if it holds, expect a bounce. 4 If BTC breaks $97.5K resistance, it could quickly move towards $100K.
Final Thoughts
Bitcoin is in an exciting phase! If it holds support, we may see a strong bullish move toward $100K. But if it breaks below key levels, a deeper correction could happen. Trade carefully and always follow proper risk management.
#BinanceAlphaAlert #BTCNextATH?
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