Today's Market Overview (1)

Trump said one sentence... making today's market completely meaningless.. 😂
Might as well focus on writing 2 aspects today..
1) Before Trump's announcement, what was the market condition like, can we spot any clues..
2) After the announcement, what market data can guide us to find shorting opportunities in this wave..
Let's start with the first question...
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Chart 1 From order book imbalance perspective..
Today during Asian session around 67k, the order book buy imbalance approached the level from March 7-9..
Both within 5% price range, Binance buy orders >sell orders by 3x, while the entire network buy orders >sell orders by 2x level...
Meanwhile, with gold crashing today.. BTC showed its resilience..
Yesterday's dip below 68k before CME open to drain liquidity, thought the market was too odd so didn't enter..
Today's Asian session also had two waves of weak long models with dips, but didn't enter because of sleep.
However, some partners in the group using my entry model caught a long at 67.7k.
So today I was originally planning to wait for a US stock market open dip to set up an entry model for a mid-cycle swing trade..
But the announcement came out and didn't give the opportunity, so forget it, next time.
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Chart 2 Capital flows..
First look at Coinbase, they had an unusual selloff wave before CME open today..
This led to the first dip at 67.3k where contract delta was entirely positive, but price accelerated downward - a strange sight
(The reason behind it is Coinbase spot this segment recklessly dumping)
Subsequently, throughout the Asian session, Coinbase started stable TWAP buying.. The entire network spot also did the same.
At least this shows one thing..
Today with precious metals crashing, BTC didn't fall,
1 is because there's strong demand below (orders hanging below, order book imbalance)
2 is also because simply no one is selling (spot CVD rising)
After that it became news-driven market, so let's look at the next question...
Next post to be continued