The king of crypto just reminded everyone who’s in charge! A massive long liquidation at $116,924 sent shockwaves through the market, shaking out overleveraged bulls and sparking volatility. This liquidation event signals growing tension between buyers trying to push higher and bears defending key levels.$BTC
📊 Support & Resistance Levels:
🔑 Immediate Support: $116,500 – a critical zone to watch; losing it could accelerate downside.
⚒ Major Support: $115,800 – bulls must protect this to avoid deeper liquidation cascades.
🛡 Resistance Zone: $117,300 – $117,700, where heavy sell walls are expected.
🚀 Breakout Resistance: $118,200 – a clean break here could reignite bullish momentum.
🎯 Next Target Market Insights:
If BTC reclaims $117,300+ with strong volume, we could see a surge toward $118,500 – $119,000.
If bears keep pressure and BTC loses $116,500, the next downside magnet sits at $115,200 – $114,800, where liquidity pools are waiting.
🔥 The battlefield is heating up – one side will break soon. Traders, buckle up: the next move could be explosive!
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