๐ BTC/USD Price Action Update โ May 16, 2025
๐นCurrent Price: 104,109.06
๐นTimeframe: 15M
๐ Key Demand Zone:
๐ข 103,471โ103,676 โ Intraday bullish OB (Order Block); price respected this zone and showed strong bounce reaction.
๐ฏ Target Levels:
TP 1: 104,233 โ Short-term resistance; possible profit-taking area
TP 2: 104,829 โ Clean upside imbalance; next liquidity grab zone
โก๏ธBullish Bias:
Price bouncing off demand zone with momentum
Holding above 103,850 structure shows buyer strength
๐ FXFOREVER Insight:
โ
Look for candle closure above 104,200 for TP1
โ
Monitor lower timeframe CHoCH or BOS for re-entries
โ
Stop-loss should stay protected below 103,470 zone
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