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

Bitcoin: rally meets resistanceContext• April low: $74 000 → today’s high: $101 200 (+37 %)• 90‑day pause on new US tariffs lifted risk assets; FOMC left rates at 4.25‑4.50 % with real yields still > 2 %• Active conflicts in Ukraine, Gaza and the South China Sea keep macro‑volatility elevatedFlows• US spot‑ETF complex: cumulative net inflow $40.7 bn, AUM $106 bn• BlackRock’s IBIT: 15 consecutive inflow days, $6.96 bn YTD• MicroStrategy: bought 15 355 BTC (~$1.42 bn) last week, now holds 553 k BTCTechnical focus (2‑hour chart)• Price is 11 % above the rising trendline from 1 May• Key confluence: $101 700 – $103 000 (0.27 Fib plus unfilled weekly supply)• First support: $97 000 – $98 000; major demand: $92 000• Mean‑reversion target if momentum breaks: $86 000• Invalidation of pullback view: daily close above $103 500Base case60 % probability of a retest of $92–97 k before any sustained advance30 % chance of a deeper wash to $86 k10 % chance of a clean breakout through $103 k toward $109 k+Takeaways• Long‑only allocators: add on a confirmed weekly close above $103 k; risk below $98 k• Swing traders: fade spikes above $102 k toward $97 k; tighten stops if daily > $103 k• Spot accumulators: schedule bids at $92 k and $86 k; avoid chasing upside extensionsEducational commentary, not investment advice. Manage position size and respect stops.