The chart you provided is a Binance
$BTC /USDT liquidation map, showing cumulative liquidation levels for long and short positions at different price points, along with leverage details.
Key Observations:
1. Current Price: The current price is marked at $97,980.
2. Liquidation Zones:
Short Liquidation (Green): Visible above the current price. Cumulative short positions are likely to get liquidated if the price moves higher.
Long Liquidation (Red): Concentrated below the current price, indicating potential long liquidations if the price drops.
3. High Leverage Levels:
10x, 25x, 50x, 100x leverage levels are shown. Heavily leveraged zones are marked in orange and yellow, signaling areas of volatility.
Analysis for Next Price Move:
The market can likely target zones with high liquidation volumes to trigger cascading liquidations.
Bullish Scenario (Uptrend):
Target Levels:
First resistance near $100,000 (psychological level).
Higher target at $102,800–$105,000 due to visible short liquidations.
Buy Zone: Around $97,500–$97,800 for upward momentum.
Stop Loss: Below $96,500, as breaking this level may lead to long liquidations.
Bearish Scenario (Downtrend):
Target Levels:
First support around $96,300–$95,500, where long liquidation levels increase.
Lower target at $94,000.
Sell Zone: Around $98,200–$98,500 if resistance holds.
Stop Loss: Above $99,200.
Strategy Recommendations:
1. If buying: Enter near $97,500 with a stop loss below $96,500. First target $100,000, then $102,800.
2. If selling: Short near $98,200 with a stop loss above $99,200. First target $96,300, then $94,000.
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