Momentum Analysis: A whale has opened a massive short position on BTC with a 40x leverage, betting on a price drop. With a liquidation price close to $96,879, this creates a high-risk but high-reward scenario. Let’s see who wins—will the whale’s strategy prevail, or will the market force a liquidation?
Long Setup:
Entry Zone: $84,237
Targets (T1, T2, T3): To be determined based on market reaction
Stop Loss: Above liquidation price, around $96,879
Breakout Confirmation Level: Watch the $85,000 level closely for a potential retest or breakout. Key Support: $82,000 – This level could hold up the short momentum.
Pro Tip for Traders: Follow this movement closely, but tread lightly. Whale positions often shift the market, and a massive move could be in store if the liquidation level is tested.
