Bitcoin is currently stuck at $88,471, which is a bit of a delicate position. The 24-hour liquidation volume is $137 million, with short liquidations accounting for $74.7 million—this indicates what? It suggests that although there is significant resistance above, the short-sellers are being gradually wiped out, and buying momentum is accumulating.
The details in the liquidation heatmap make this even clearer. The $87,800-$88,000 zone has very dense stop-loss orders from long positions, serving as support. Above that, the $89,000-$90,000 range is packed with short stop-loss orders, acting as resistance. Currently, the price is between these two points of fire; the next move depends on who can't hold on first.
**Key levels to watch:**
$87,800 is the lifeline for longs. Holding this level, with the momentum from short liquidations, could give a chance to push directly toward $89,000-$90,000. Conversely, if the $90,000 level is broken with high volume, it could trigger a chain reaction of short stop-losses, accelerating the rally. But if the price drops below $87,800, the stop-losses below will be triggered, increasing the likelihood of a quick pullback to $87,000.
**How to trade this move:**
Bold traders can go long with small positions between $87,800-$88,200, setting stops at $87,500, targeting $89,500. More conservative traders might wait until the price stabilizes above $89,000 with volume, or look for short opportunities below $87,800. These risk-reward setups are more comfortable.
Key reminder: Today's volatility might be amplified due to chain liquidations, so leverage should be reduced (up to 3x), and keep an eye on heatmap changes. The data will tell you where the real chips are.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
6
Repost
Share
Comment
0/400
RatioHunter
· 3h ago
The shorts are being wiped out, and the buyers are accumulating. I've seen this pattern countless times.
The 88K level is indeed tough to break, but the heatmap doesn't lie.
If 87,800 can't be broken, it's really dangerous.
View OriginalReply0
GmGmNoGn
· 11h ago
The shorts are crushed to pieces. Now it's all about whether 88 can hold. If it holds, then aim for 90 for a big gain.
View OriginalReply0
AirdropATM
· 11h ago
The short positions have been almost wiped out, and this bullish wave is really gathering strength.
View OriginalReply0
pvt_key_collector
· 11h ago
The short positions have been mostly wiped out, and it looks like the bulls are about to take over this wave.
This level is indeed a bit tight, but the data doesn't lie.
If 87800 can't hold, it's game over, and it will drop straight to 87.
Leverage within 3x, don't play with fire.
Wait until 89000 stabilizes before chasing, so you feel comfortable.
This chain liquidation needs to be closely watched, as a surge could happen at any time.
Stick to the heat map and don't make reckless moves based on feelings.
Shorts have been liquidated for over 70 million, and the outcome is a bit grim.
The 89000-90000 hurdle depends on how the volume moves.
I think a stop loss at 87500 is a bit tight; there should be enough buffer.
Now, it's just waiting for a clear signal to appear.
View OriginalReply0
SandwichTrader
· 11h ago
Shorts are being wiped out, buying power is accumulating, this move is quite interesting
If it drops below 87800, it's game over. Feels like a big wave could come at any time
Leverage within 3x is the only way to feel safe, otherwise you'll get liquidated and potentially go bankrupt
The 88 level is indeed delicate, both bulls and bears are pulling back and forth
The hot chart data really can make money, this time I need to watch closely
View OriginalReply0
ZenZKPlayer
· 11h ago
The short sellers have been almost wiped out. Now, it's up to the bulls to see if they can break through the 90,000 barrier.
Bitcoin is currently stuck at $88,471, which is a bit of a delicate position. The 24-hour liquidation volume is $137 million, with short liquidations accounting for $74.7 million—this indicates what? It suggests that although there is significant resistance above, the short-sellers are being gradually wiped out, and buying momentum is accumulating.
The details in the liquidation heatmap make this even clearer. The $87,800-$88,000 zone has very dense stop-loss orders from long positions, serving as support. Above that, the $89,000-$90,000 range is packed with short stop-loss orders, acting as resistance. Currently, the price is between these two points of fire; the next move depends on who can't hold on first.
**Key levels to watch:**
$87,800 is the lifeline for longs. Holding this level, with the momentum from short liquidations, could give a chance to push directly toward $89,000-$90,000. Conversely, if the $90,000 level is broken with high volume, it could trigger a chain reaction of short stop-losses, accelerating the rally. But if the price drops below $87,800, the stop-losses below will be triggered, increasing the likelihood of a quick pullback to $87,000.
**How to trade this move:**
Bold traders can go long with small positions between $87,800-$88,200, setting stops at $87,500, targeting $89,500. More conservative traders might wait until the price stabilizes above $89,000 with volume, or look for short opportunities below $87,800. These risk-reward setups are more comfortable.
Key reminder: Today's volatility might be amplified due to chain liquidations, so leverage should be reduced (up to 3x), and keep an eye on heatmap changes. The data will tell you where the real chips are.