Today’s Market


Wosh’s speech directly pushed BTC to the edge of bullish defense...
The 63.6k bullish 4H structure support point mentioned yesterday... breaking below it would be LL... triggering a small wave of liquidation...
Funding Situation
Today, the spot CVD on both sides is relatively fragmented... up and down, and the price is the same.
There is a big divergence... no clear guidance.
Tomorrow the US stock market is closed, today is the quadruple witching day with options expiration... volatility could be quite intense, and it’s hard to predict what will happen...
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Open Orders (Figure 1)
The first support below is a 63.8k Binance contract with a buy order of over 1000 BTC.
It provides support during today’s Asian and European trading sessions.
Below that are buy orders of over 200 at 63k in the spot market.
Above remains unchanged at 67k.
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Structure (Figure 2)
Structurally, the POC above is around 65.8k... if it bounces up today, it will be a high-level observation point.
Below, still watching the 63.6k level, with large contract orders at 63.8k and the potential SFP at 63.6k...
If it breaks below 63.6k without an SFP and cannot recover, then the door opens to look down to 61.5k.
BTC1.22%
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