Today's market liquidity conditions After the news of the Middle East signing agreement came out in the morning, both Coinbase and Binance spot have been actively entering the market. keep step with. But the quantities are not large, like slowly sucking in thin fluidity. Combined with the fact that ETF funds began to shift (net inflow) last Friday, the US stock market is also rising today (technology stocks+stock index futures) The possibility of ETFs continuing to enter today is also high. The large order wall of net 65k has broken through, and it has since stabilized Today's market is bullish, and currently there are no empty thoughts in this area. Today's main storyline is still focused on stepping back more. Unless the entire US stock market crashes (currently not seen) ------------- Order book hanging (Figure 1) From the order book, it can be seen that since the 65k order wall was eaten up, there have been relatively fewer sell orders above. Only some grid orders with integer thresholds. Some small clusters of contracts are hanging between 67-68k. So if the US stock market opens later and ETFs compete, bears should be cautious today. Only around 67k is worth observing. The buying orders below have a gap today, but the pending orders for buying orders have not been filled yet. So it depends on whether we give them a chance to step back within the day. I won't look down anymore, there are still a large amount of funds to undertake below 60k (Figure 2) There are not many opportunities in the short term, and some funds have already started to chase after cancellations. From Figure 2, it can be seen that the giant whale withdrew its order after the news of the Middle East agreement. And the cancellation is almost synchronized with the significant active purchase of CVD. It is possible that a portion of the direct market price has caught up. ----------- Structure (Figure 3) Looking at the midline, various funds entering the 200 week moving average provided funding this time It was also mentioned in this weekend article https://(x.com)/Mrluanluan/status/2065807344852775146 This position is a consensus among several analysts that BTC value zones are open for regular investment. What is uncertain is whether there will still be a true overall consensus bottom area (the bottom line of the realized value in Figure 3, now above the 53k line, is the densely populated area of the giant whales in Figure 2) If there is a rebound here, the key points in the medium term are still the short-term holding costs above (red line 72k in Figure 3) and the 200 day moving average (dashed line 77k in Figure 3) So in the mid-term, you can take a look at the fluctuations in the interval between these lines in Figure 3. --------------- Returning to the day, from the POC perspective, there is a 2-day POC area above 67K (Figure 4) At the same time, there is a significant positive gamma peak at 67k on the option. ----------- So in today's overall plan . Although caution should be exercised at high altitudes today, the only resonant range today is 67k, which can be observed by combining grid hanging orders with POC and positive gamma regions. If there is a chance of 64~64.5k, we can consider adding POC to fill the gap