Today’s Market

Still driven by continuous news factors... Oil prices fall, U.S. stocks rise, gold rises, BTC rises...
At this time, if you have been reading research reports in the group, you should feel quite comfortable... (see the previous message)
Back to today, we will continue to focus on the intraday market
Figure 1 Order book imbalance color band...
Still maintaining yesterday’s judgment... Without an upper color band... here, I still advise holding off on short-term swing trades...
The reason there is no color band here yet is because the sell orders haven't reached the threshold. You can see Figure 2, where a huge buy order is placed at 80k... offsetting the impact of sell orders above...
So although there are large sell orders at both 83k spot and futures...
Given the current market sentiment and liquidity, I don’t think it can hold down the price...
The bigger wave above is at 85k. If there are no buy orders below to push up, it’s likely to go above 84k, breaking away from the 80k influence within a 5% range, and when impacted by the large sell orders at 85k, the imbalance color band will reappear... reaching the imbalance threshold...
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From an intraday perspective, yesterday I also didn’t find a good opportunity to short... There was no strong high point (large volume quick pullback), and without a clear entry model, there was no entry opportunity...
Yesterday, I also didn’t catch the liquidity zone below 80k... it was directly defended by the bulls at the entry point around 80.7k (Figure 3)
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So today’s intraday market isn’t very easy to trade. The current upward wave is mostly the “old lady climbing stairs,” steadily increasing volume upward. When it reached below 83k, there was no real volume explosion at a strong high point... (Figure 4)
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