According to Skew Δ (@52kskew), Bitcoin sellers are actively capping the current rally in the $101,000 to $101,500 range following a significant market bid that pushed BTC above the $100,000 milestone. The analysis highlights that passive flows will play a crucial role in determining whether higher price levels can be sustained, emphasizing that market participants should monitor order book dynamics closely for trading opportunities. This development is particularly important for short-term traders seeking to capitalize on volatility and for those gauging the strength of the current uptrend (Source: Skew Δ on Twitter, May 8, 2025).

According to Material Indicators, the market responded positively to the latest NFP and UNRATE reports, prompting a new block of BTC bid liquidity to emerge around $96.4k. This liquidity zone is acting as a potential weekend support, while bulls are currently challenging technical resistance at $98k. If the resistance breaks, traders could see a push toward the psychological $100k level, with the $96.4k liquidity block providing a safety net for downside risk management (Source: Material Indicators, Twitter, May 2, 2025).