Technical analysis by FXFOREVER_87 about Symbol BTC: Buy recommendation (5/16/2025)

FXFOREVER_87

📊 BTC/USD Price Action Update – May 16, 2025🔹Current Price: 104,109.06🔹Timeframe: 15M📌 Key Demand Zone:🟢 103,471–103,676 – Intraday bullish OB (Order Block); price respected this zone and showed strong bounce reaction.🎯 Target Levels:TP 1: 104,233 – Short-term resistance; possible profit-taking areaTP 2: 104,829 – Clean upside imbalance; next liquidity grab zone⚡️Bullish Bias:Price bouncing off demand zone with momentumHolding above 103,850 structure shows buyer strength🔍 FXFOREVER Insight:✅ Look for candle closure above 104,200 for TP1✅ Monitor lower timeframe CHoCH or BOS for re-entries✅ Stop-loss should stay protected below 103,470 zone#BTCUSD #BitcoinSignals #IntradayTrading #SmartMoneyConcepts #OrderBlock #TPStrategy #FXFOREVER #CryptoPriceAction