Today's Market Overview: FOMC activity was uneventful... PCE activity was also expected to be uneventful... so BTC will likely continue its random walk pattern... Looking at the order book (Figure 1): After yesterday's drop to 79.6k, all the pending orders below were filled. There's still a lot of open interest at this level, with contracts at 79.5-79k and spot trading around 79k. (Figure 1) Therefore, looking at the color band model (Figure 2), the new pending orders have brought yesterday's low back into the yellow band range... The support below is still quite strong. ----------- Since the 25th, there hasn't been much competition between bulls and bears. Looking at the delta model (Figure 3), the total delta for a single bullish or bearish move has been around 500 million (0.5B)... It hasn't reached the 1 billion level. If a clear direction emerges, we'll need to observe the next total delta in the 1-1.5 billion (1~1.5B) range. ------------ Liquidity is also steadily accumulating... Neither side has reached its limit. Currently, there are two strategies: Either patiently wait for both sides to dry up, then look for opportunities to buy on dips or false breakouts that could lead to a delta reversal or a SFP (Special Forces Plus) pullback. Or, directly enter a long position near the lower support level... for example, at 79.8k or 79.7k, create a small scalping pattern towards 81.1k or 81.2k. Besides these options, there's not much else to do... This market is testing patience.