Technical analysis by ChartNinjas88 about Symbol BTC: Sell recommendation (5/8/2025)

🚀 BTCUSD BUY SETUP | May 8, 2025 | Smart Money Precision ExecutionThis 30-minute chart screams Smart Money accumulation with a golden entry aligned at the 70.5–78.6% Fib levels AND a bullish Fair Value Gap (FVG) just below.Here’s the confluence breakdown you need to study:🔍 KEY CONFLUENCES:🟣 Fair Value Gap (FVG) between $97,800 and $98,550 – prime liquidity zone📉 Deep Discount Entry at 70.5%–78.6% Fib retracement ($97,797 – $97,200)🔁 Breaker Block + Internal BOS confirming upside intent📈 Target: -27% Extension Zone around $100,920✅ RR: 1:4+ with tight risk below swing low🧠 Execution Strategy:Enter near $97,797 – inside the FVGSL: Below 100% Fib (~$96,800)TP: -27% Fib (~$100,920) or scale partials at 0% / -10%Break-even management once price closes above $99,500📊 Setup Summary:Timeframe: 30mBias: BullishEntry: FVG + Deep DiscountTP: -27% extensionSL: Below 100% FibRR: 1:4Structure: Smart Money Reversal💡 Chart Ninja Insight:“Smart money enters where retail panic sells. The FVG is the highway—they’re just waiting to get on.”