Today's market The weekend was quite peaceful on the chain for two days . No one bought it because the ETF stalled over the weekend and was also withdrawn on Friday . Not many people sell it either Over the past week, an average of more than 23000 BTC flowed into the exchange every day, but yesterday only 6400 BTC flowed in in one day . The realized profits on the weekend chain are also collapsing On the 30th, it was 168 million The selling pressure equivalent to profit taking has also been reduced . Returning to a market constrained by macro factors . The next non farm, CPI， The September FOMC meeting and the mid September Clarity Act will both be decision points . So visually, there should be significant fluctuations in the first two weeks of September Pay close attention to data and the Middle East .. ------------ Let's take a look at the structure first (Figure 1) Last weekend's 3-day POC supported this weekend Even though I tried to plug in 77k twice this morning, I couldn't plug in an SFP. It seems that there are still real buyers for 77k here. After two insertions, a wave of liquidity also began to accumulate below 77k. Next time, we can consider observing SFP There is another POC that has not been touched near 79.6k, so if we continue to go up to below 80000 today You can observe if there are any high-altitude opportunities. For example, last night's 79.3k SFP At present, the focus of bulls is on the vicinity of 76k, and they do not consider the distance of 72k as long as there is no physical break. There are still many funds deployed around the 76k front line. And the key defensive area for bears is still around 82k. See the pending order below ------------- Hanging Order (Figure 2) The current bullish layout can also be clearly seen from the pending orders. Mainly around 76k below the two previous lows of 77k over the weekend, whether it's Binance's spot and contract, or Coinbase's spot. There are funds actively hanging up to pay here. They are probably doing a 'bullish comeback' of 75-76k entry At this level of pending orders, as long as it is not caused by macro news leading to significant selling pressure, if the price enters here, there is a high probability that there will be a much lower price that can be done. ------------ Ribbon model (Figure 3) The hanging order is also reflected in the ribbon model. The dense pending orders above 81k and some giant whale pending orders mentioned on Friday . Dense contracts and spot orders below 77k .. The two bands above and below can serve as references for short-term trading ------------- Whale Chart (Figure 4) similar. Pay attention to the two intervals above and below As a reference for the upcoming mid cycle .. -------------- So today's plan is as shown in Figure 1 POC above the high-altitude range, 79.6k~80k, and there may also be SFP at a height of 79.3k before dawn here Pay attention to the area below 77k and dive into the contract and spot order placement zone . And last Sunday, the 75.5k pin was inserted here. Watch until 8 o'clock today Once you board the plane, you won't keep an eye on the plate anymore The Coinbase premium of today's ETF will be updated around 8 o'clock.