$BTC approaching $95,000 liquidity zone, creating short squeeze pressure?
BTCUSDT
Perp
92,571.6
-0.48%
š¹ The $95,000 liquidity zone shows a large amount of short positions waiting to be liquidated. This is the closest target that the bulls can aim for to create momentum
šø If the bulls maintain the momentum and push the price to this level, a series of liquidations will create momentum for the price to move higher to the $96,000 to $97,000 zone
š¹ The $93,000 to $94,000 price zone that was just broken will now turn into important short term support
Will you go long to catch the sweep to 94k or wait for a clearer signal?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
