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BTC

Bitcoin Short Liquidated — Bulls Showing Strength

I had a short on BTC that was liquidated at an average price of $117,808.02 on a $151,148 position.

The move closed my trade and suggests upside momentum for Bitcoin right now — I'll step back and wait for a cleaner entry. Another time.

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Analysis

The liquidation of a sizable short position implies recent upward pressure on BTC and reduced immediate incentive to short. Momentum likely favors buyers until a clear reversal or meaningful pullback ...

Recommendation

Stand aside and monitor price action; look for a retracement or consolidation before opening new positions. Avoid initiating fresh shorts into current strength.

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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