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Today's market overview (1)
One word from Trump... made today's market completely meaningless.. 😂
So today, let's focus on two aspects...
1) Before Trump's announcement, how was the market behavior, can we see any clues...
2) After the announcement, which market data points can guide us to short opportunities in this wave...
Let's start with the first question...
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Chart 1: From the perspective of order book imbalance...
Today during Asian hours, around 67k, the buy-side imbalance on the order book approached the levels seen from March 7-9...
Both were within a 5% price range, Binance buy orders were three times the sell orders, and across the entire network, buy orders exceeded sell orders by a factor of 2...
Meanwhile, despite gold crashing today, BTC showed its resilience...
Yesterday, before CME opened, there was a liquidity dip below 68k, and I thought the market was too strange to enter...
Today during Asian hours, there were also two weak low-long setups, but I didn't enter while sleeping.
However, some members in the group using my entry model caught a low-long move at 67.7k.
So, I originally planned to keep looking for an opportunity around the US stock market open to squat and enter a mid-term swing trade...
But then the news came out and didn't give that chance, so never mind, we'll try again next time.
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Chart 2: Capital flow...
First, looking at Coinbase, before CME opened today, they experienced an unusual dump...
This caused the first dip around 67.3k, where the contract delta was all positive, yet the price accelerated downward—a bizarre scene
(The underlying reason was Coinbase spot was relentlessly selling during this period)
Later, throughout the Asian session, Coinbase began stable TWAP buying, and the entire network spot followed the same pattern.
At least one thing is clear...
Today, despite gold and silver crashing, BTC did not fall,
1) Because there is strong demand below (limit orders, order book imbalance)
2) Also because fundamentally, no one was selling (spot CVD rising)
After that, it became a news-driven market, so let's look at the next question...
Next update coming.