Today's market This is really impressive, the net inflow of ETFs has only warmed up for 2 days On Monday, it was poured down again Yesterday, there was a daily outflow of 400 million yuan, and yesterday's drop to 61.7k corresponds to the time period of the US market. The impact of this wave in South Korea yesterday ultimately spread to the cryptocurrency industry . However, from the data on the chain, it seems that yesterday's shipments were mostly short-term customers. Yesterday, 34000 BTC were transferred to the exchange, almost all of which were short-term traders who had held positions for six months. Long term customers only transferred 180 coins, which is almost negligible. Not many miners have transferred in either. At present, it seems that there is no structural collapse yet. Just one thing to note, out of the 34000 transfers made yesterday, over 60% were from large investors with a single transfer of 100 BTC or more, which means that all the sellers were short-term investors. Higher than the historical average, but this currently cannot provide a good conclusion. Just observing. Another CPI data, let's see what kind of data can be generated. -------------- Hanging Order (Figure 1) At present, the buy in of 1300 BTC from the giant whale 61k is still ongoing, and this buy in has been providing support below for the past 10 days. This is also what was mentioned a few days ago, 61k~62k is an observation area worth entering. Yesterday at 61.8k, we were given three opportunities to enter. We will take advantage of these 1000 points and continue to compete for higher positions. You can continue squatting below 61k and explore the liquidity range below 3 times today (The large number of pending orders in the contract below is also a resonance point that supports low to high orders.) The most obvious pressure above now is at 63.2k, where 200+spot sell orders are combined with a large number of contract sell orders So currently, the price is temporarily set within a small area of 61-63.2K. See if the US market can break through. -------------- Ribbon model (Figure 2) From the ribbon model, it can also be seen that the yellow ribbon reappeared at 61.8k last night. This is the first bullish buying signal in a week. (The templates for my models are all in Discord) ------------ Liquidity (Figure 3) Now there is still a wave of liquidity around 61k, resonating with the spot orders of that whale and the batch of contract orders. So if the ETF selling pressure continues today, we can still keep an eye on the area around 61k. The upper liquidity and hyperliquid stop loss levels are around 63k. So if there is a chance for a wave of high volume entry models inserted above 63k, it will be the place where the intraday market is currently empty (combined with the wave of contract sell orders near 63k) Especially when CPI is released and inserted up and down, wait for the opportunity. ------------- So today's plan Squat at a high altitude near 63k A large number of spot and contract orders are pending to see if there is a surge in volume absorption reversal entry model. Low or high, the plan remains unchanged. SFP above 61k, low before 61.7k