buy

$1.54M BTC Short Liquidation at $118,365 — Short Squeeze Momentum

I note a $1.54M short liquidation in BTC executed at $118,365.30. This large forced buyback suggests short-covering and upward intraday pressure around that price.

I view the event as a bullish micro-structure signal: it can accelerate momentum and lift price toward nearby resistance levels if followed by volume.

I'm cautious about treating one liquidation as a trend change — confirm with sustained volume, follow-through above key resistances, and manage risk with defined exits.

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Analysis

The forced closure of $1.54M in short positions at $118,365 implies immediate buy pressure from short-covering, which can produce short-term upside. The signal is stronger if price continues higher on...

Recommendation

Consider a cautious buy on confirmation (break and hold above immediate resistance or increased buy volume). Scale position, use tight risk controls, and avoid chasing into single large liquidation pr...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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