Today's market The early morning insertion of 64.7k in the Asian market is once again a classic low liquidity moment specifically designed for inserting liquidity . The entry model is available, but it is quite complex, as the first wave was lost and the second wave was re entered . (Figure 1) Currently, there is still a stronger demand for pending orders and a tendency towards long positions, so this short position has already gone through a period of buying and selling. Yesterday, ETFs indeed continued to flow in 200 million yuan, and Coinbase's negative premium is currently narrowing, with funds leaning towards long positions. ------------- Let's take a look at the pending orders again (Figure 2) At present, there is still a huge spot order of 60.5k, and new buy orders have also been put up below 63k, filling the gap in the sell orders in this area. There are 167 BTC sell orders above 65k, which is considered medium-sized. But there is a big pile hanging above and below the 65k contract This can be considered as the range that can continue to be observed today. The 63k contract below has a much lower chance due to the combination of pending orders and liquidity. If we miss it now, we will ignore it. Continuing to monitor the US market may not give us a good opportunity. ------------- Ribbon model (Figure 3) Currently, the unbalanced ribbon is relatively weak, mainly due to the fact that the 60.5k large orders have not yet entered the range range of the 5% price range So the current profit and loss ratio for chasing after excess is not quite appropriate. Keep waiting. Similarly, the ribbon with unbalanced sales orders above has not yet appeared. Continue waiting for the opportunity. You can observe the situation around 65k. It is best to follow the same approach after the US stock market closes, when there is a color band, and when there is an entry model. Empty space is more stable. ------------- Today, looking at OI (Figure 4), it seems that it has already reset since the beginning of the ups and downs. The previous bears have either taken profits and left, or have been forced to short by this rebound . Delta has also been reset. The bearish fuel has run out, and it may shake for a period of time in a large range. -------------- The interval observed today Squat between 65-66k above and wait for an opportunity to enter. The best opportunity is still as mentioned before, the moment of low liquidity at the close of the US stock market, the upper band, and the entry model I have already tested and used up the 63k below today, and I don't want to do it again. The higher confidence level is still around 61k. Not necessarily giving opportunities. Give it a chance to talk.