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).

According to Material Indicators (@MI_Algos) on Twitter, FireCharts data shows a significant new block of BTC bid liquidity has been established to defend the support level at the Yearly Open. Bids are also stacking above this zone, which is likely to keep the BTC price elevated near this key level in the short term. Traders should monitor for potential sudden liquidity withdrawal, especially before or shortly after the monthly close, as this could impact price support (Source: Material Indicators, Twitter, April 29, 2025).