BTC/USDT – LONGS WIPED OUT
Long Liquidation: $20.1K at $69,551
⚡
Market Insight:
BTC flushed aggressive longs near 69.5K.
This suggests late breakout buyers got punished.
Liquidity below current structure has been partially cleared.
When longs get wiped like this, two scenarios form:
1️⃣ Continuation dump to next liquidity pocket
2️⃣ Reversal after liquidity grab
📊 Structure Outlook:
• Key support zone: 68,800 – 69,000
• Resistance zone: 70,200 – 70,800
🎯 Targets (Bearish Continuation):
TG1: 68,800
TG2: 68,200
TG3: 67,500
🎯 Targets (Reversal Setup):
TG1: 70,200
TG2: 70,800
TG3: 71,600
🔥 Next Move:
If BTC reclaims 70K with strength → Shorts will be squeezed.
If 69K fails → Expect deeper liquidity hunt below 68K.
Volatility expansion imminent.
BTCUSDT
Perp
68,867.5
+0.06%