Today's market Figure 1 Unbalanced ribbon in order book These days, it's actually quite good to just look at the ribbon The market operates along the side with relatively less resistance .. When inserting 72.7k in the morning, the price imbalance of 5% spot goods reached 4 times This is also a short-term signal and threshold .. Figure 2 Order Book The information seen in the order book is also consistent After the morning news affected the insertion of a wave of sell orders, during the sideways trading process, pending orders around 72k of spot goods were replenished, becoming new pressure . The payment demand below is above 70k. The small contract order at 72k suppressed the entire Asian market Although there are large orders below, focusing is the main focus. Figure 3 Capital Surface From the perspective of CVD, the entire Asian market has seen continuous selling of spot goods but prices have not fallen . Although it looks like there is a passive takeover . However, based on the experience of the past 3-4 months, after the emergence of such a market, the probability of continuing to fill the gap downwards is higher, and the probability of pulling out the second leg directly here is relatively small during the bear market period in the past . Figure 4: From the perspective of stop loss and liquidation liquidity Green circle (above 70k) and yellow circle (near 69k) There are two potential targets It is also a range that can be focused on for models that cannot be entered or exited . ----------- So, combined with today's low, we can look at the feedback of prices around 70k (liquidity+spot pending demand+yesterday's high) .. If there's no good opportunity, squat around 69k again . At high altitude, it is nothing more than a 72.7k high before the Asian market. Either you rush to run, or there is a possibility of SFP (false breakthrough) Do you want to go up again? There is another POC near 74k that can be followed on March 16th and 17th ..