Today's market The bulls are too strong Yesterday's low of 75k √ But today, the SFP with a height of 78.3k actually dropped by 500 points First withdraw Although there is an unbalanced color band on this place (Figure 1) . It also appears from the order book (Figure 2) Below 80k, there is still a lot of pressure on spot goods 80k itself has over 400 followers here, making it a very vulnerable position to be snatched away (Too many people are waiting) The contract is the same, it has already generated a lot of sell orders above the current position up to 80k .. There is a kind of spot goods that you can buy, and I will ship (or empty) them as soon as I buy them .. So now, from the perspective of imbalanced order books, this place is a position that is close to being empty The selling volume of Binance spot is 2 times greater than the buying volume, and 1.5 times higher across the entire network. The threshold range for higher confidence is 3-4 times for Binance and 2-3 times for the entire network But we have to bear the possibility of carrying up to 80k From the perspective of funding rates, there are now many people who are empty on the field .. ---- So, this position cannot be empty, after all, the cost of on chain resonance is too high at 80k Here, we need aggressive TP and narrow loss This is not a place where you can rest assured of having ample space .. Due to recent research reports from institutions, the entire month of April was the first omnichannel level capital outflow for BTC since the current bear market, ETF， Stablecoins, futures, and micro strategies have a total net inflow of $12.6 billion in April. The bears are currently betting that only the micro strategy company is buying, and if they can't keep up with the buying trend for a week, they will have to turn around. But it seems that the current funding situation is not limited to micro strategy premiums. So, the conditions for forcing a short space are also very mature now .. It is rare in history for all four capital markets to turn around, and it may become a turning point in this bear market . So now the research institution continues to adhere to the judgment made last week, and you can take a look at what you didn't see last week again https://(x.com)/Mrluanluan/status/2044673182859399384 ------------- The guidance for the giant whale in Figure 3 is currently 80k above and 75.7k below Figure 4 shows that there is a pile of liquidity above 78.5k Indeed, it supports a wave of bearish scenarios .. ---- Conclusion: Next article