$BTC BTC Longs Wiped Out! $55.9K Liquidated at $90,600.00!
Bitcoin just saw $55,900 in long positions liquidated, as a sharp price dip triggered forced sell-offs at $90,600.00! Overleveraged traders got caught in the downturn, adding more pressure to the market.
📉 What’s Next for BTC?
This liquidation signals weak buying momentum, and if BTC struggles to hold key support, further downside could be in play. However, if buyers step up, a relief rally could follow, potentially squeezing late shorts.
📊 Crucial Levels to Watch:
🔻 Support: $89,900 - $90,300
🔺 Resistance: $91,400 - $91,900
🎯 Trading Insights:
With volatility in play, traders should wait for confirmation before making moves. A breakdown could lead to more liquidations, while a strong reclaim of resistance might signal bullish recovery. Manage risk wisely!
#Bitcoin #BTC #CryptoAlerts
