BTC Longs Liquidated as Price Nears $60K
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Bitcoin's recent slide toward the $60,000 mark triggered over $600 million in long liquidations, shaking leveraged traders. While many anticipate a short-term relief bounce toward $70,000, the broader technical picture remains bearish. Key resistance levels are untested, and momentum indicators suggest further downside risk unless buyers step in decisively. The market is at a critical juncture, with support at $60,000 being the last line of defense before a deeper correction. Traders should remain cautious and manage leverage carefully.
Read full article on CoinTelegraph
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