$BTC | Massive Long Liquidation Creates a Critical Decision Zone
Confidence was building among leveraged buyers, but the market delivered a sharp reality check.
A major $297.38K BTC long liquidation hit near $62,725, followed by another $157.57K liquidation wave around the same region.
These heavy liquidations often mark important areas where the market decides whether buyers step in or sellers continue controlling momentum.
Analysis:
BTC is testing a strong reaction zone after aggressive long positions were flushed. If buyers absorb this selling pressure and reclaim the liquidation area, a short-term recovery could develop. However, failure to defend this level may open the door for further downside.
Trade Setup (Long):
Entry: $62,600 – $62,800
TP1: $63,300
TP2: $64,000
TP3: $64,800
SL: $62,000
#Coldcard exploit expands #Trump Media launches Truth API #Japan-US yen intervention
