Bitcoin just cleared $16.7K in long liquidations at $90,254, signaling a classic leverage wipeout near a sensitive zone. This move looks more like stop-hunting than trend breakdown, shaking weak hands before the next directional push.
Key Levels to Watch 👇 Support: $89,800 – $89,200 Major Support: $88,500 Resistance: $91,200 – $92,000 Major Resistance: $93,500
Market Insight 🧠 Liquidations at highs often mean excessive optimism got punished. As long as BTC holds above the $88.5K region, structure remains bullish. Expect chop and fake moves before a real expansion.
Trade smart. Respect levels. Let liquidity guide you. 🔥
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🔴 $BTC Longs Flushed – Liquidity Grab in Play
Bitcoin just cleared $16.7K in long liquidations at $90,254, signaling a classic leverage wipeout near a sensitive zone. This move looks more like stop-hunting than trend breakdown, shaking weak hands before the next directional push.
Key Levels to Watch 👇
Support: $89,800 – $89,200
Major Support: $88,500
Resistance: $91,200 – $92,000
Major Resistance: $93,500
Targets 🎯
• Bounce scenario: $91,200 → $92,800
• Breakdown scenario: $89,200 → $88,500
Stoploss ⛔
• Longs: Below $88,300
• Shorts: Above $93,700
Market Insight 🧠
Liquidations at highs often mean excessive optimism got punished. As long as BTC holds above the $88.5K region, structure remains bullish. Expect chop and fake moves before a real expansion.
Trade smart. Respect levels. Let liquidity guide you. 🔥