BTC $72.7K Long Liquidated at $117.4K — Short-Term Bearish Pressure
I logged a large BTC long of $72.7K liquidated at $117,401.20. That forced liquidation likely added short-term selling pressure and increased intraday volatility around that price zone.
I’m cautious now: I’ll watch on-chain liquidations and order-flow before increasing exposure. If price fails to reclaim key resistance, I’ll prefer reducing risk rather than adding new longs.
Analysis
Recommendation
Reduce exposure or avoid initiating fresh longs until liquidation activity subsides and price reclaims resistance; consider scaling in only after clear stabilization or demand confirmation.
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.