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BTC

BTC Short Liquidation at $118.4K Signals Near-Term Upside

I recorded a BTC short liquidation of $78.9K executed at $118,422.90, which reflects forced short-covering at elevated prices.

I see this as a bullish microstructure event that can add upward pressure in the near term, especially while momentum and liquidity remain high.

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Analysis

The $78.9K short liquidation at ~118.4K likely removed bearish conviction and created a short-squeeze dynamic; if volume supports it, price may continue higher or at least test recent resistance level...

Recommendation

Consider a tactical buy or adding on pullbacks while managing risk—use tight stops or size positions conservatively given ongoing volatility.

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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