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.