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.