Today's market (2) If you don't look at the waves on the chain, only look at the data on the surface of the market. Today is actually no different from yesterday. It's just that Binance's selling pressure stopped today (Today's on chain data will only be available tomorrow, it can be combined with verification) From the hanging order (Figure 1), it looks no different from yesterday. The reception below is actually arranged very thickly, with layers of integer thresholds forming a large wall of Binance spot trading. 61k Binance spot orders of 194 are the first listed orders below, with the closest being 60k. The consensus of both exchanges is that there are 462 Binance spot orders and 138 Coinbase spot orders, all of which are large orders The thickest layer on the order book Going further down 59k, 58k, 57k, 56k, each integer level of Binance spot is pressing hundreds, and Coinbase is also synchronized. Both sides are waiting below to pick up. On the other hand, there are not many visible signs above, and there are only a few dozen sparse pending orders in stock. --------------- The same can be seen from the unbalanced ribbon in the order book (Figure 2) Although there is a dense ribbon reception below (as in the order book), the imbalance is concentrated below 61k. Now there is a hollow area here (between 61k~62.5k) So if there is an opportunity to enter the 61k range, the low to high profit to loss ratio will be better. -------------- I'm still keeping an eye on two of them today .. Below a 64k. A few days of POC combined with small selling orders and pending orders. Below 61.7k, the previous SFP is stacked with liquidity, POC, and 61k pending orders.