Today's market update. These past two days, intraday trading really hasn’t been my thing... The positioning was right, but it always fell just one step short of my entry conditions. Yesterday, I was watching at 63.8k, and it went up... Today, I was watching at 62.8k, and it bounced again? Luckily, it’s coming down now. If it had shot straight up, I’d be kicking myself hard again... Let’s keep watching. The market has been pretty fragmented these past two days... Yesterday, on-chain activity was still calm, with around 16k coins moving in and out of exchanges. Most of the inflows were from short-term holders. Net losses were only around $100M, mostly short-term traders cutting losses. Even though ETFs have seen net inflows for three consecutive days, the daily inflow volume has been decreasing. Plus, for two days straight, ETF net inflows coincided with price drops. It’s all over the place, so I’m choosing to wait for now. -------------- Order book (Pic 1) There’s still no strong directional guidance up top. Earlier today, after the 200+ spot orders at 62.8k got eaten up, the remaining orders below are mostly small grid orders around 100 BTC each. The 1,300 BTC whale order has shifted down from 61.5k to 61k. Since the orders below aren’t strong, the color band model (Pic 2) still shows a simple green band. So for now, I’ll wait a bit longer for a proper low-entry swing trade. Intraday moves also need more observation... ---------------- Nothing much else to add... This area is just chaos + waiting. Waiting for what? For a low-entry trade, I’m waiting for a real volume exhaustion opportunity... Liquidity-wise, I’ve been keeping an eye on the 62.5k hyperliquid stop-loss order from the guy with 200 BTC today. For swing trades, I’m watching around 61k, waiting for a strong color band to appear. Also keeping an eye on the movements of that 1,300 BTC whale. Ideally, we’d see panic selling, a sharp dip, and then recovery. If we get a solid break below 61.5k, though, things could get dangerous again... As for shorting, there’s nothing I’m confident about today... The levels above are still too far away.