Today's market The chain has been very calm these past few days No one cuts flesh, no one takes profits The exchange also did not have significant net inflows or outflows .. The rise and fall are driven by the money in the exchange .. The overall funding situation is not very strong today. Binance is selling spot stocks throughout the entire Asian market. Yesterday, the ETF stalled and the net inflow decreased to only 20 million. Coinbase did not sell in the Asian session, but buying was also quite limited. Judging from the real-time Coinbase premium before trading, ETF sentiment is not high today. ---------------- Hanging Order (Figure 1) From the top and bottom, the large range is not much different from yesterday. New pending orders have been added near 64k and 66k above So if there's still a chance to plug in around 65k today, it's still a good opportunity to squat in the sky I don't know if there will be an opportunity in terms of funding today. The 60.5k huge order is still there, just like yesterday. The area around 60k is gone, leaving only over 100 BTC, but as long as 60.5k is still there, it won't affect. The contract is currently hanging in a pile between 61k and 61.5k. So if there is still a wave of selling pressure at the opening of the US stock market today, it will be a low to long opportunity. -------------- The same conclusion can also be seen from the ribbon model (Figure 2) Yesterday night around 64.2k, there was a ribbon appearing on it, but the dome without volume was not made. This morning, when the European market reached 61.7k, it entered the band range and had a high volume. But it's okay if you haven't woken up yet. Now let's see if there is still a chance to go back between 60.5k and 61.5k. If given the opportunity, there is a high probability that there will be a significant drop that can be done here (as long as the 60.5k giant whale does not retreat) -------------- OI (Figure 3) Yesterday it was mentioned that OI has returned to its recent low point. OI reset means that the previous wave of bears has already left. Some took profits and left, while others were forced to leave short after rebounding to 64.6k. So there is not much bearish fuel on the market now. So yesterday it was determined that there should be a large range of trading for a period of time at present. Waiting for the next wave of sudden surge in OI, when OI suddenly surges significantly, the direction of the price at that time is usually a unilateral direction of 3% -5%. Please refer to Figure 3 for details Waiting for the opportunity now. (Similarly, when OI surges significantly, do not engage in reverse trading) ---------------- Liquidity (Figure 4) At present, it also points to a large liquidity target range around 61k. --------------- Overall, today 61k is the main low and high range for squatting today. The altitude is still between 64 and 65k. It's still a bit far today, maybe we won't be able to get there.