# Today's Market Overview...

The market movement from yesterday to today seems to be both challenging and difficult to execute—both to do and not to do.

If you don't overthink it, yesterday's move was very textbook and standard.
But if you overthink, you'll miss the opportunity.

Looking at yesterday's low from a naked candle perspective, it was a very typical gap fill plus an order block... (Chart 1)
However, I was still attracted to that mysterious large cluster at 68.7k... Always have this research mindset, wanting to see what will happen when the price reaches that level... (Chart 2)
Then I jumped the gun... I didn't have an entry model yet. (Ended up hovering around 68.9k for 8 minutes)
In the end, that cluster at 68.7k was never touched.
Whatever... Let's keep observing today.

Chart 3 - Market Capital Flow
The final turn at 68,888 yesterday was driven by a shift in Binance selling pressure... Right when it reversed, there was a feeling of quant-driven intervention... Very obvious on the 5-minute candles.
Ultimately, it was triggered by news of Iran negotiations, which caused the US session Coinbase funds to shift direction.
And then it started to move.

Currently, the entire Asian session is driven jointly by futures and spot markets... Sentiment is very high.

Chart 4 - From the Open Interest (OI) perspective...
In the first half of today, OI decreased, indicating a reset.
In the second half, OI increased again.
So, the rally driven by futures in the first half was mainly due to short covering and liquidations.
The latter part (after retesting 70.4k) was driven by active long position openings...
(That's why the CVD for futures in Chart 3 remained positive throughout.)
Currently, OI is still rising, with continuous long entries.

To be continued—next, I will analyze the order book situation to see how far this wave might go.