Technical analysis by ftdsystem about Symbol BTC: Sell recommendation (5/9/2025)

Bitcoin is enjoying the rally and the support it's receiving from the stock market. After testing the 72,000–74,000 zone, the upward reaction was so strong that even the major resistance at 91,000 failed to slow the move. However, now that the S&P 500 has reached a key resistance zone, momentum may begin to slow, at least in the short term.If the 102,300 level breaks, Bitcoin could retreat toward the lower boundary of the newly formed trend channel. In the medium-term outlook remains bullish so any short-term pullbacks are likely to present buying opportunities, as long as the trend channel and the 91,000 support level remain intact.For context, refer to our earlier daily timeframe posts on the S&P 500 and BTC:Maybe it came a little late but after the upper line hold despite China trade optimisim and stock market surge, finally 102,300 is broken. If the lower line holds, around 98k might create a good buying oppurtunity.