BTC Setup: Watching for a Trap — Bids Below, Flip Above!

Scenario 1 (Fakeout & Reversal):

Watch for push to $107,000–$108,000 (potential bull trap)

Close longs on move into resistance zone

Look for reversal signals (SFP, strong rejection) to re-enter lower

Scenario 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 $97,200

Invalidation:

Structure flips bearish on a clean break/close below $97,200

🔔 Triggers & Confirmations:
Enter longs only on SFP or strong bounce confirmation in FVG zone

Avoid 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 risk

Avoid new longs above $107k — watch for failed breakout/fakeout