Today's market - abbreviated as The order book in Figure 1 is still the same as yesterday, with a lot of spot sell orders above 76k There is also a wave of large pending orders around 78k in the contract .. The spot price of 72-73k below is the demand area for pending orders (including contracts) If there is an opportunity to insert the next wave today, this will be an observation interval .. For example, Figure 2 Today, overall, we are still struggling . The reasons why the bulls can continue to rise include the recent continuous efforts of MSTR's STRC financing tool, which can hold billions of funds at any time, coupled with the recent positive premium of Coinbase ... as well as the high short liquidity above 76k and the negative GEX of 75-76K for option holders. These are all movements on the funding front In terms of bears, the spot CVD continued to decline today, and spot prices continued to sell. Coinbase's spot prices in the Asian market were over 1000 from yesterday night to today . At the same time, from the perspective of the giant whale (Figure 3), a wave of 76k giant whales has already made active purchases for the 48m tip of the 76k mentioned yesterday .. So it seems that 76k has reached the target range ... Figure 4: Guidance on intraday liquidity today As a scalp stripping transaction, it is quite useful . ---------- So now the general direction is still holding some of the empty space from yesterday's 76k sfp If it goes up and breaks down, then continue to look for opportunities above, such as around 76.5k mentioned yesterday Below are several unbalanced points as shown in Figure 2 And the liquidity aggregation area below Figure 4 . Overall, it is around 73k and 72k . Specific entry squat entry model ..