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BTC Liquidated Long at $115K: Watch for Rebound or Further Breakdown
I’m sharing my take on BTC based on a recent liquidation event: Bitcoin saw a long liquidation of $188K at a price around $115,155.55. This spike in liquidations suggests strong bearish pressure or a crowded long that finally capitulated, potentially triggering further downside momentum or a shakeout before any bullish setup resumes. If the price can reclaim key support zones and reestablish volume, a counter-move could follow; otherwise, downside risk remains until buyers step in decisively. Overall, risk management is crucial here as liquidations often precede erratic moves and false breakouts.
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Analysis
The reported long liquidation of $188K at approximately $115,155.55 signals a sharp squeeze or cascade where leveraged long positions were forced to close as price action hit a critical level. Such li...
Recommendation
Trading stance: cautious near-term, with a bias toward liquidity-driven layers of support. If price holds above a defined support region (e.g., the previous swing low near or above $110k) and on-chain...
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.