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BTC Liquidation at $117,790 Signals Short-Term Downside

I had a $150,000 BTC long liquidated at $117,790, which highlights elevated short-term volatility and forced selling around current levels.

I view this as a warning sign: liquidity is thin and stop clusters can be hunted, so I'll be cautious and wait for clearer support or a marked reduction in leverage before re-entering.

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Analysis

The liquidation indicates forced selling and thin liquidity around the reported level; this can amplify downside swings and suggests stops are nearby. Short-term market structure is fragile until key ...

Recommendation

Watch price action closely and avoid opening large leveraged longs. Wait for confirmed support or a clear recovery before increasing exposure; consider buying on weakness with strict stop management i...

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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