Today's Market Update (1) This market... still waiting for tomorrow's CPI to shake things up... From the funding perspective, This wave of rebound during the Asian session was basically spot-driven. Binance funds have been consistently buying. The drop earlier also started rebounding after Coinbase shifted direction. As of now, Coinbase's several days of selling pressure has paused and started turning to buying. (Figure 1) At the same time, today's Coinbase premium has moved out of the negative zone and is currently fluctuating slightly around zero... So for now, there are signs that Coinbase's selling pressure is easing. ---------- Looking at the order book (Figure 3), there's basically no change compared to yesterday... In the middle range, spot orders are almost entirely empty... It's all contract funds battling it out... When it dipped to 81k, the color band model also triggered a signal (Figure 4). With the color band signal, long positions continue... Yesterday, part of the position TP'd at 84k, added back again, and TP'd at 84k once more... The battle continues... ----------- (To be continued)