Today's market Coming back is just a lot of socializing Please update today's market . The rebound in the past two days has been a strange wave in terms of funds .. A rebound driven entirely by contracts Spot CVD is negative. (Figure 1) That is to say, active spot orders are mostly net sales. But the contract is entering the market with a bullish trend, and OI is also increasing (in line with the pattern of active bullish entry) At the same time, spot sell orders were passively taken over. --------------- Hanging Order (Figure 2) On the 8th, the low long range of 61.5~60.5k observed by Boli was bought before giving those contracts a chance to place orders. And during the second round of exploration, the 60.5k and 1300 BTC spot buy orders below were directly moved up to 61.5k to hold this wave of exploration. So here we basically gave two buying points. Now this 1000+giant whale has been hanging for hours, I don't know if 60.5 and 61.5k cannot be received, but it has been gradually bought into the TWAP order (so there was a rebound in the later wave) At present, we are still focusing on the high-altitude range above 64.5k~65.5k The contract is currently experiencing a major wave of aggressive pending orders between 63.2k and 63.5k. If you consider a much lower level of aggressiveness today, observe if this place can withstand it. ------------------ From the perspective of the ribbon model (Figure 3) The 61.5k ribbon has once again taken on this wave. Now there is a slight color band above 65k. But we haven't increased the volume yet . I'm not sure if the equal high of 64.6 just now and Monday was exhausted . You can still observe it first. Either wait for a large increase in trading volume at high altitude, or wait for the US stock market to close and reach 64~64.5k before entering the market After all, from the perspective of liquidity now (Figure 4) 65k is too dazzling ... -------------- So today's final thought is Observe the large orders and absorption of contracts ranging from 63k to 63.5k for radical low long observation. I will still observe whether there is a surge in volume from 64.5k to 65.5k at high altitude.