Technical analysis by afurs1 about Symbol BTC: Buy recommendation (5/5/2025)

Bitcoin has exhibited a notable resurgence following a significant decline into the lower $70,000 range, where it encountered key structural support zones. This retracement catalyzed a pronounced rebound, signaling a potential shift in short-term market sentiment.At present, price action has reclaimed the prior all-time high (ATH) range but has encountered resistance at the current Point of Control (POC)—the most heavily traded price area—indicating active participation from sellers. Sustaining the Value Area Low (VAL) in conjunction with the downtrend-anchored VWAP around the $93,000 level will be pivotal for confirming a full rotation back toward the upper bounds of the value area, near $102,000.This upper region represents a significant liquidity cluster, where a potential bull trap or liquidation cascade could unfold as late entrants enter the market under the assumption that the corrective phase has concluded and a new impulsive leg is underway. However, this area also marks the apex of the value range, where a reaction is statistically more probable—much like the recent rejection seen at the POC.Should Bitcoin successfully defend the VAL, a broader value area rotation would be expected before any renewed downside pressure. A subsequent pullback toward the previous value area high could then act as a confirmation of breakout support, validating the bullish structure.Ideally, this scenario—characterized by respect for value area dynamics and rotational momentum—would align most cleanly with market structure and auction theory. As price oscillates between value zones, each range is sequentially validated as either support or resistance, providing a framework for interpreting market behavior with greater precision.Currently, I want to share this overall rotation into the Value Area, following a tap at the POC, and now maintaining the downtrend anchored VWAP from the ATH as a support. This is generally a sign that the trend is reversing/ showing strength as long as it holds the VWAP.On the lower time frame, if this the daily vwap bounce then I would want a new impulse to start off a 618 bounce like this.MACD crossing , lets see how it plays outPerfect bounce at the 618, and layered anchored vwaps. This is a strong support, I will be looking to 102k for the larger short trade. Be aware of the POC at 97k for an SFP, but clearing the range would make it more probable for a full value rotation to the value area high and monthly level.Almost at the targetLooking for short hedge protection at these levels. Losing the monthly level would be a great sign of weakness.Looking for the short from the VAH here, first target will be 97k POC (most traded zone) and we will see if the price decides to bounce or continue lower!Just note, I have pulled the fixed range for this entire price action above 80k, which is the reason the value area high is now at 105kMarket currently seems to be consolidating sideways, on not quite giving me the reaction I want. Will hold the short for now as a hedge in case we drop. But I do feel like the highest probability is for higher prices to come.