Today's market There aren't many good opportunities . Yesterday's surge was not only due to the hope of a potential claim act, but also related to the ETF's re regularization, although the regularization was very small with only a net inflow of 160 million. The problem is that the market immediately reverses after the US stock market closes. A net inflow of 160 million yuan, the buying of ETFs is actually not much, but it can make the price take a small one side in the middle where spot orders are empty . After the close, the disappearance of such a small trickle of buying orders can cause a market reversal This kind of market is difficult to do well. There are also some opposing messages in the Asian market today The overall probability of passing the claim act is not high now. And the 10-year US Treasury yield (US10Y) is still around 5 .. So today, the overall direction remains the same as yesterday's viewpoint .. Overall not very optimistic, even if bought in the short term, it will eventually follow the macro trend. Now that oil prices haven't dropped, US10Y hasn't dropped, BTC can't stand alone. The high yield of US Treasury bonds and the consistently high risk-free rate will continue to suppress the valuation of risky assets such as stocks, gold, and BTC. ） ----------------- Today's pending orders (Figure 1) are basically no different from yesterday .. You can even copy and paste yesterday's content and resend it. The reversal below 80k yesterday was difficult to catch. Purely due to the pressure of the closing of the US stock market and the hanging of contracts above. In the end, there was no grinding of the dome, no scaling, and no testing of the previous SFP It's still due to the space for hanging orders of spot goods in the middle range Small funds drive both sides . So let's wait and see if the price is in the middle range . If tonight's claim act doesn't pass, I don't think it will drop too much, it should already be priced in. At most, use your emotions to hit below . So the hanging area below 76k is still a place where you can squat .. The low thought process is still the same as yesterday. The invalid position means that 75k cannot be retrieved It's best to increase volume, withdraw, and at the same time, decrease OI. If you keep going down the stairs without increasing volume and OI continues to rise (driven by bears), then endure it. -------------- Starting from 77.7k, this wave is driven by bears (Figure 2) OI has been declining, bulls need to wait here ... ------------- Today, Coinbase's premium is very negative (Figure 3) And there was no turning around before and after the opening .. It is possible that ETFs will experience a significant outflow .. -----------------