$BTC Long Liquidation: $31.773K at $66,610.5
We just saw a notable long liquidation cluster around 66.6K. When longs get wiped like this, it usually means late buyers were overleveraged and got flushed out. This kind of move often creates short-term volatility and opens the door for either a bounce from liquidity grabs — or continuation if sellers stay aggressive.
Right now, the key question is whether BTC reclaims this level or accepts below it.
📌 Market Read
The liquidation suggests weak hands were forced out. If price stabilizes above 66K and shows strong buy reactions, we could see a relief bounce. But if 66K turns into resistance, downside liquidity below recent lows becomes the next magnet.
✅ Potential Trade Setup (Scalp/Intraday Idea)
Entry Zone (Long): 65,800 – 66,200
Looking for confirmation with bullish reaction or strong 1H close reclaim.
Stop Loss: 64,900
Below recent structure low to avoid getting caught in another liquidity sweep.
Take Profit Targets:
🎯 TP1: 67,200
🎯 TP2: 68,000
🎯 TP3: 69,200 (if momentum builds)
Risk-reward is favorable if BTC holds reclaimed structure.
Short Entry Zone: 66,300 – 66,800
Stop Loss: 67,500
Targets: 65,000 → 64,200 liquidity pocket
As always, this is not financial advice. Manage your risk properly, avoid overleveraging, and size your position according to your account. Liquidation spikes can create opportunity — but they can also trap impatient traders.
Stay disciplined. 📊
$BTC #PEPEBrokeThroughDowntrendLine #HarvardAddsETHExposure
