Technical analysis by afurs1 about Symbol BTC: Buy recommendation (6/18/2025)

Bitcoin is currently facing significant resistance at key technical levels and may be positioning for a potential sharp decline heading into Thursday, particularly as markets close and geopolitical tensions in the Middle East threaten to escalate. Two key technical confluences support this thesis: 1. Bullish Gartley Harmonic Pattern: This setup is developing with highly precise ratio alignments, targeting a convergence at the Point of Control (POC) alongside multiple anchored VWAP levels. While the pattern typically involves a sharp decline, it often precedes a powerful reversal once liquidity is swept from the lows, making this a potentially attractive risk-reward inflection zone. 2. Failed Auction Structure: Price action has demonstrated an inability to sustain a breakout above the established fair value range, instead reverting back within the bounds of a parallel channel. This failed breakout—confirmed by a rejection at the upper end of the volume profile—suggests heightened probability of a move back toward fair value, marked in blue, which coincides with the POC and represents the market's most accepted / traded price. We’ll observe how the setup develops from here.Low might be in at 98k, I have started to build my long positions on equities related to BTC. Additionally, ETH looks very interesting.So far , the current range is rejection the value area low. Should we get the drop back to the lows at the POC, I will compound the position. However, we did get a nice bounce from the anchored vwap from the 70k lows on the hourly, which is a nice sign.We could be seeing a completed ABC correction now, for a rotation back to ATHWhat now looks to me as a failed breakdown, and rotation to the high of the range to comeCurrently at some big resistance coming upFirst target hit! Nice melt upNice bounce off the VAH of the range, as well as the anchored vwap at the low