Massive BTC Short Liquidation!
๐ฐ A $BTC hefty $75.4K in short positions just got wiped out at $98,187.60, signaling strong bullish momentum!
This kind of liquidation can act as fuel for further upside, with shorts getting squeezed and FOMO buyers stepping in.
๐ Whatโs Next
Bullish Case: If BTC sustains above $98K, we could see a rapid push toward the psychological $100K level.
Bearish Case: A sharp rejection from resistance might trigger profit-taking, leading to a healthy pullback before the next leg up.
๐ Key Levels to Watch:
โ Support: $96,500 โ $97,200
๐ Resistance: $99,500 โ $100,000
Stay sharp, manage risk, and trade wisely! ๐ง
BTC
67,052.97
-1.29%