According to Material Indicators (@MI_Algos), FireCharts binned CVD data reveals that all order classes have absorbed the BTC ask liquidity at the $98,000 level, effectively invalidating the recent bullish signal from the Trend Precognition A1 algorithm on the weekly chart. With Bitcoin's price currently hovering without strong support, the absence of significant bid liquidity in this range could increase downside risk for traders. This suggests that unless bulls step in with additional bids, the price may remain vulnerable in the short term, impacting BTC trading strategies and broader crypto market sentiment (Source: Material Indicators on Twitter, May 8, 2025).