BTC Short Liquidations Spotted Near $86.5K
đą Liquidation Observed: âŒ$67.4K in BTC shorts @ $86,582.20
Bitcoin is holding above $86K, and we saw short positions get squeezed in this zone. $87K - $87.5K continues to act as a short-term resistance area to watch.
Key Levels:
âą Liquidation: $86,582.20 âą Resistance: $87,000 - $87,500 âą Support: $85,500 - $86,000 âą Breakout Target: $90,000
My Bias: Cautiously Bullish - Looking for a confirmed break and hold above $87.5K with spot volume for continuation toward $89K-$90K. Rejection could mean a rotation back to $85.5K.
Risk Management: Invalid if BTC loses $85.5K on a 4H close. Keep position size small, use a defined stop.
For education only, not financial advice.
#BTC #Bitcoin #crypto
đą Liquidation Observed: âŒ$67.4K in BTC shorts @ $86,582.20
Bitcoin is holding above $86K, and we saw short positions get squeezed in this zone. $87K - $87.5K continues to act as a short-term resistance area to watch.
Key Levels:
âą Liquidation: $86,582.20 âą Resistance: $87,000 - $87,500 âą Support: $85,500 - $86,000 âą Breakout Target: $90,000
My Bias: Cautiously Bullish - Looking for a confirmed break and hold above $87.5K with spot volume for continuation toward $89K-$90K. Rejection could mean a rotation back to $85.5K.
Risk Management: Invalid if BTC loses $85.5K on a 4H close. Keep position size small, use a defined stop.
For education only, not financial advice.
#BTC #Bitcoin #crypto
