Today's Market Overview Yesterday was decent—held the line at 64.6k for a bit. That dip-buying move yesterday worked out pretty well. Let’s take a look at today. ------------ **Funds Flow** Looking at the CVD, yesterday’s drop was mainly driven by ETFs dumping again... Luckily, right after the U.S. stock market closed, buying started to dominate right on cue at the closing time. (Figure 1) But judging from today’s ETF pre-market data, Coinbase is still showing a slight negative premium. (Figure 2) It’s not much though, with a z-score of only -0.64... So for now, ETFs are still leaning towards outflows... Let’s keep an eye on the CVD trend after the market opens to confirm. ------------ **Order Book** (Figure 3) Looking at the order book, the contract wall has moved down today... From 64.6k yesterday to 64.4k today. It didn’t move much, and honestly, no idea why they’re doing this—yesterday’s wall didn’t even get filled... This means today’s 64.6k might not be as solid as it was yesterday. After all, it’s already been tested once. ------------ **Heatmap Model** (Figure 4) For now, there’s still a heatmap band in the far upper price range. Nothing in the near range for either longs or shorts. In short, this spot is only good for intraday trades today... Not really the best time for high-confidence swing trades, whether long or short. ------------- To be continued in the next post.