Today’s Market

Rested for a few days, back to work today...
On Monday, I wrote... If there’s a chance to kill the valuation during this week’s earnings report, that’s the best dip-buying opportunity...
From the results, this wave also retraced about 6% symmetrically... Repeating the previous pattern...
Now, driven by the sentiment in the US stock market, it continues to push higher... Can it replicate the previous 8% move? Challenge the 80k SFP?
If you have positions in the low region, I think it’s still worth trying to gamble here... But first, we need to get past 78k...
78k is a previous high, combined with POC, and some spot holdings are also stacked here...
So today’s market sentiment at US open will be quite critical...
Figure 2: Unbalanced color bands...
Currently, there isn’t much reference, just the low buy color band guidance from Wednesday...
The upper color band has just started to appear, the real imbalance shows around 79k...
The order book in Figure 3 also shows a similar conclusion... Currently, there’s over 100 BTC spot sell pressure at 78k...
Let’s see after the US market opens whether this is an SFP or a breakout.
The zone above 79-80k is the real high-altitude observation area (8% symmetry combined with a lot of psychological costs).
Figure 4: From the whale chart, this wave is also quite clear...
The whale’s desired entry zone is still around 75k (already met) and 73.5k.
The 80k level above has been hanging for a long time...
So, the 80k SFP remains a potential opportunity.