Bitcoin Short Liquidation Points to Continued Upside
I had a BTC short liquidated at an average price of 123,486.10, with a total exposure of $100,641.
The forced close shows strong upside pressure and a short squeeze that likely accelerated the move; I’m taking this as a clear reminder that momentum can overwhelm bearish positions quickly.
I’ll avoid initiating new shorts into this strength and prefer waiting for a meaningful pullback or clear reversal signals before re-entering.
Analysis
The liquidation indicates strong buying pressure and a short-squeeze dynamic; price action favors bulls until a decisive reversal or significant pullback occurs.
Recommendation
Do not short into the current strength; consider buying on weakness or waiting for consolidation before adding long exposure.
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.