Today's market MSTR officially sells coins and has become today's catalyst . Please update today's market situation Look at the hanging order (Figure 1) After reaching 64k, the number of pending orders for spot goods below was relatively thin . After the news of MSTR selling coins came out, two more were withdrawn around 60.5k, becoming thinner. At the same time, although there are intensive pending orders in the contract, the pressure from spot selling cannot be stopped by the contract. At present, the huge demand below the price is still around 60k. A grid giant order of 600+BTC in stock. ----------- From the perspective of the ribbon model (Figure 2) Today, when the Asian market reached 64k, there was finally selling pressure above, and combined with the entry model (see previous post today), there was an opportunity for a double resonance gap. This pattern was mentioned in Saturday's market today. You can take a look at Figure 3 of https://(x.com)/Mrlanluan/status/2073388768896201157 At present, due to the relatively thin number of buy orders and pending orders below (as you can see in Figure 1) So there is no ribbon below. So 61.7k is not yet suitable for taking more. The real focus is on the 60k range that I have been following for the past few days. Due to the massive backlog of 60k spot orders, it is estimated that the ribbon will reappear above 60k. ------------- From a structural perspective (Figure 3), the symmetrical stepping of a wave and the small POC below 60k can also support the observation point above 60k. ------------ So today, let's observe the US stock market and see if ETFs will continue to take advantage of the trend and make some moves . Today, there is only the wave of the Asian Plate in the sky There is no suitable RR point at this position now. The only way to do it is to squat above 60k (the exact amount to be rushed is uncertain)