Looking at today's market itself... Figure 1 shows the continued divergence in funding between East and West. Binance is aggressively buying... Coinbase is still selling (although the outflow and premium are narrowing). Figures 2 and 3 show the order book and whale activity... After recent continuous declines, there's a steady stream of new orders below. These include Binance futures, spot, and Coinbase spot orders... From the current price, orders are being placed from 73k down to 68k. Among these are large whale orders at 72k-73k, 70k, and 68k. These are also key bullish price levels in the eyes of various retail investors and analysts. Figure 4 shows the color band model. After the 75k order book was broken, a yellow threshold has reappeared around 73k (from yesterday's 72.5k 400 spot orders). ----------------- Therefore, considering the overall capital allocation, starting a left-side entry from here is perfectly reasonable... Large funds are also entering in this way (whether it's active capital like Binance's CVD active buying or passive capital based on the above orders). The only questions are how to control position size and what to do if this wave of capital flows fails. For spot trading, position size control can be as mentioned a couple of days ago when the price broke below the short-term traders' cost line: below the short-term traders' cost line, only maintain a defensive position, and add back the remaining portion after the price stabilizes. The contract price leverage is used to trade this short-term wave based on the color bands... The stop-loss levels for the following waves will be based on the whale's position. 4-hour chart: If it breaks 72k, look for opportunities around 70k (there should be more opportunities to enter along the color bands). 4-hour chart: If it breaks 70k, look for opportunities around 68k. Breaking 68k (200-week moving average) -> Wait and observe what happens then. It's impossible to predict why 68k couldn't hold. ----------------- Shorting opportunities will be discussed in the next post.