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$103K BTC level Flash News List | Blockchain.News
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List of Flash News about $103K BTC level

Time Details
2025-05-09
13:27
BTC Price Analysis: Profit-Taking and Resistance at $103K-$104K Signal Key Trading Levels

According to Skew Δ, Bitcoin (BTC) is experiencing profit-taking activity, likely from a large trader who is passively selling into the current price and closing out long positions. This trading behavior is logical as BTC is hovering near a high time frame (HTF) supply and resistance zone at $103,000 to $104,000 (source: @52kskew on Twitter, May 9, 2025). For traders, the presence of selling pressure at this resistance level suggests caution for new long entries, while short-term traders may look for potential pullbacks or consolidation around these levels. Monitoring order flow and liquidity dynamics at this resistance zone remains crucial for informed BTC trading decisions.

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