๐The crypto market just witnessed a monumental moment: $340,000 worth of Bitcoin shorts were liquidated at a jaw-dropping $100,260.00! This event highlights Bitcoinโs relentless bullish momentum as buyers dominate and bears retreat.๐
What Just Happened?
1๏ธโฃ Short Squeeze in Full Effect
โข Bears are getting crushed as $BTC upward surge forces shorts to buy back their positions, amplifying the bullish trend.
2๏ธโฃ Intense Buying Pressure
โข Liquidations create a cascading effect, driving prices higher as traders scramble to cover their losses.
3๏ธโฃ Psychological Breakthrough
โข Breaking the $100,000 milestone has triggered market-wide euphoria, drawing in more investors eager to join the rally ๐.
Key Levels to Watch ๐
๐น Buy Zone: $99,500 - $100,200
โข A potential entry point for buyers looking to ride the bullish momentum.
๐ฏ Target Levels:
โข $102,000: Immediate resistance.
โข $105,000: Critical psychological level.
โข $110,000: Major milestone if momentum continues.
โ๏ธ Stop Loss: $98,800
โข Place your stop loss below the buy zone to minimize risks during potential pullbacks.
Whatโs Next for $BTC?
๐ Bullish Scenario:
โข If Bitcoin stays above $100,000, it could attract even more buying, pushing prices toward $105,000 or even $110,000.
๐ Bearish Scenario:
โข Failing to hold this level might lead to a retracement toward $98,500, presenting a re-entry opportunity for patient traders.
Market Sentiment: Bullish Signals
โข Institutional Interest: Large players are likely fueling this rally.
โข FOMO Effect: Retail investors are pouring in, adding to the upward momentum.
โข Strong Fundamentals: BTCโs resilience at key levels bolsters confidence in its long-term growth.
๐ The $BTC bull run is in full swingโare you ready to ride the wave? ๐
๐ญwhat are your thoughts ๐ค
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