š» Bitcoin (BTC) dropped to the low $102K range after renewed Middle East tensions (US strike on Iran), triggering roughly $622āÆm ā $1.16āÆb in liquidations in the past 12ā24 hoursāmostly long positions ļæ¼ ļæ¼.
š Whales continue accumulating: around 26,430 BTC have been moved into accumulation addresses lately, signaling strong long-term interest ļæ¼.
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š Current BTC Price: ~$102Kā103K
š¹ Support levels: $100K (short-term), $94Kā98K (mid-term)
š¹ Resistance levels: $108Kā110K range where liquidity clusters are forming ļæ¼
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šÆ Next Moves: Should You Go Long or Short?
š¢ Bullish Scenario (Long)
⢠Trigger: BTC stabilizes above $100Kā102K with support confirmed.
⢠Target: $108Kā110K+, potentially retesting highs.
⢠Rationale: Sustained whale accumulation and mitigating volatility  .
š“ Bearish Scenario (Short)
⢠Trigger: Breakdown below $100Kā102K, especially with heavy volume.
⢠Target: A deeper dip to $94Kā98K zone ļæ¼.
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š§ Todayās Strategy Recap:
⢠Long: Buy on dips around or above $100K with tight stop-loss and aim for a bounce to $108Kā110K.
⢠Short: Only trade breaks below $100Kā102Kātarget deeper pullback.
⢠Neutral: Wait for clear price action confirmation before committing.
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š” Trader Insight:
āWhales are accumulating near the $100K zone while liquidations shake out weak handsāthis mix sets the stage for a powerful breakout or a deeper retrace.ā
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š£ Question for you:
Are you leaning Long on the rebound or Short on more downside? Share your take. š