Technical analysis by FrankFx14 about Symbol BTC: Buy recommendation (5/31/2025)

Bitcoin is currently trading at $103,525, sitting firmly inside a high-volume demand zone (highlighted in brown), with visible support at $103,849.🔍 Technical Breakdown:Timeframe: 15-Minute (Scalpers & Intraday Traders, take note!)Demand Zone: $103,500 – $103,850Resistance Zones:Minor resistance at $107,427Major supply area at $110,420+ (high confluence zone)Volume Node: Price is currently reacting to a high-volume node where strong accumulation previously occurred.LuxAlgo Supply & Demand tool shows a historical shift from sellers to buyers around this zone.📊 What to Watch For:A strong bullish reaction from this level could send BTC toward $107,427, then potentially challenge the $110,420 resistance.A failure to hold above $103,500 could signal deeper downside—caution advised.⚡️ My Plan:Watching for a bullish engulfing candle or demand confirmation to go long.Stop loss below the zone.Targeting $107.4K and beyond if momentum holds.📌 Possible Trade Idea:> Long above $103,850SL: Below $103,300TP1: $107,400TP2: $110,420🚀 Is this the bounce we’ve been waiting for, or just another trap? Comment your outlook 👇#BTCUSD #Bitcoin #CryptoTrading #TechnicalAnalysis #LuxAlgo #SupplyDemand #Scalping #Intraday #BTC #BullishSetup #PriceAction