Technical analysis by Goldfinch_song about Symbol BTC on 6/16/2025

Scenario 1 (Fakeout & Reversal):Watch for push to $107,000–$108,000 (potential bull trap)Close longs on move into resistance zoneLook for reversal signals (SFP, strong rejection) to re-enter lowerScenario 2 (Sweep and Bounce):Place bids at/just below $100,272 (1D Support) and within $98,000–$100,000 (FVG)Target: Move back toward trendline resistance ($107k+)Stop: Below $97,200Invalidation:Structure flips bearish on a clean break/close below $97,200🔔 Triggers & Confirmations:Enter longs only on SFP or strong bounce confirmation in FVG zoneAvoid chasing if price is between $102k–$106k (“no-trade chop”)📝 Order Placement & Management:🔼 Buy Limits: $100,300 / $99,000 / $98,000 (staggered bids in FVG)🛡️ Long Stop: $97,200🎯 Target: $107,000–$109,000 (trendline resistance)📝 Take profits on spike to $107k+🚨 Risk Warning:Friday volatility, news riskAvoid new longs above $107k — watch for failed breakout/fakeout