Technical analysis by Tealstreet about Symbol BTC on 5/16/2025

Other than a few scalps inside this Monday range, there hasn't been a lot to update on BTC.I think patience is the best play here. Yesterday we took out the internal liquidity before a sudden reversal.Reclaimed H4 trend here once again, which as you can see is starting to compress a bit harder. This H4 trend has been a good guide for price since the 74k bottom, only inversing once (May 5-6).I'm in no rush to be positioned here, although I'll look for price to take out the internal highs or Monday highs. In both cases I would like to see a ltf confirmation, next to decent OI flush on high volume.Long entries can be found at a sweep of 102.4 or of course the Monday low sweep.