Today's Market Update (2) So the key today is all about the battle at 80k... The short-term GEX at 80k is negative, so volatility around 80k is intensified (Figure 1). The ideal scenario today would be the yellow path in Figure 2... Take out the previous low at 80k and the liquidity buildup below mentioned in the last post... then a quick intraday rebound... (The more people waiting for this scenario, the more likely they'll front-run it...) If 80k breaks down and can't recover, we'll need to merge the two ranges from September-October and look at a larger range reversion. Similar to the green line scenario in Figure 2. Figure 2 shows the two key ranges for bulls. For the yellow range, bulls should focus on intraday TPs. After taking profit, just leave a small portion to bet on a move back up. If it reaches the green box range, you can consider holding for a longer period. Right now, spot hasn't turned around yet, and buying pressure is still weak (Figure 3). For the next short opportunities, keep an eye on the white box in Figure 4... First, yesterday's VWAP. At the same time, in the chart from the last post where bulls got trapped, this area hasn't been retested yet... If there's an intraday bounce to that level, watch closely for potential opportunities.