BTC Short Liquidation at $118,645 Suggests Near-Term Bullish Momentum
I note that a $298K BTC short was liquidated at $118,645.20.
I view this liquidation as a short-squeeze signal that removes bearish leverage and can create upward momentum in the near term.
I’m watching for follow-through; if price confirms strength I’d consider entering with disciplined risk management or buying on shallow pullbacks.
Analysis
Recommendation
Consider a selective buy on confirmed follow-through or on small pullbacks; size positions conservatively and set stops below recent support levels due to elevated 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.