Today's Market (Part 1) Today can be said to be a subjective trading confusion moment, with too many scripts for the future ... I didn't say anything last night Not to mention last night, the net outflow of ETF 291 million surged upwards .. Has the macro, negotiation, and war environment improved? Do you see any improvement? Yesterday, I didn't even have the opportunity to obtain liquidity below 70.4k, and just went up against this very weak low point .. So the difficulty there is not without reason .. Let's take a look at today . As usual, let's first look at the unbalanced ribbon diagram in the order book When I just plugged in below 75k today The imbalance within the 5% price range once reached about 3 times the buying price for sell orders (Binance spot), and the selling price for spot orders across the entire network was about 2 times the buying price It can be considered as reaching a threshold, but it only dropped less than 1000 points. I stepped back 74k And now in the Asian market, buying is appearing below, so the imbalance has decreased, with Binance and the entire network doubling So currently, the ribbon is disappearing . To put it simply, the confidence in short selling at this position has decreased .. -------- Let's take a closer look at the specific order book Figure 2 Although the price is constantly rising, the number of people who want to ship from above is only increasing and not decreasing There were also a large number of sell orders in the Asian market today, concentrated near every integer level, ranging from 75k to 79k . And the buy orders below start at spot 72.7k and contract 71.5k respectively .. The Asian market is currently being suppressed by over 200 spot orders of 75k .. It's difficult to guess whether the 75k will be knocked down or broken through here . The previous one was suppressed by 75k several times before finally breaking through . But 76k just didn't break down and went straight down .. So there's no way to guess here, we can only do whatever we give .. ------------ Figure 3: Giant Whale Image .. Discovered that the New York session started yesterday Has the giant whale near 75k, which has been hanging for a week, cancelled its order? It reminds me of the last time I went for 76k (on the left side of Figure 3), when I suppressed 73k and 74k, but there was no final deal . And these whales only partially completed their orders after charging 75-76k (There is also the follow-up follow-up part, only some clues can be seen here, as shown on the left side of Figure 3) And this time, they removed 75k and partially switched to 76k. Is this also their intention? ------ From the perspective of liquidity, Figure 4 Accumulated liquidity above 75k in the entire Asian market, as well as liquidity above 76k in the previous high . Can only support one bearish scenario (Binance even has a wave at 78k) From GEX perspective, 75k is now also a huge negative gamma region .. Looks very supportive. Can you plug it in again? But 76k, I was just confused by this Looking at the huge negative gamma of 76k, waiting for the gamma squeeze wave to result in nothing . -------------- So is it difficult to guess here? hard. All the scenes and scripts are included .. So we can only focus on potential entry models within the target range . I can't guess the entrance here ... Let's have a meal first, and then continue writing about the following focus areas later ..