The weekend has arrived, and the contract market is in chaos... The order book heatmap also shows it's quite lively..$BTC #
Did anyone eat from the rebound in the first chip accumulation area I wrote about yesterday?
Additionally, yesterday there was a medium-sized short order around 95,000 on the order flow. Originally, around midnight, when it was near 94,800, I placed a short near position 1 at 95,100.. But then I saw the order was canceled.. It felt like spoofing, so I canceled the short and went to sleep.. As a result, I woke up and found it really hit that point.. It's really tricky..
I really don't know if they ate this liquidity or not.. (Image 1)
Continuing to talk about today, the next descending range has always had about 1,000 contracts of short orders suppressing it.. At least until Monday morning, there is still a downward trend..
From the order book, with this weekend's drop, it has already shifted from the extreme short since the 22nd to yesterday's balance, until the current slight bias towards long...
This indicates that the market has gradually accepted that the current price level of 94,000 is not a short-term peak and drop price level, but rather a price level that may consolidate sideways or even have a short-term long opportunity..
From the liquidation liquidity perspective, short liquidation is accumulating between 95,800-96,300, and long liquidation is accumulating between 92,500-93,300...
Today, leading up to Monday noon, regardless of which side the price moves first, a small rebound can be executed.. (Image 2)
Looking at the long area downward is still based on Image 3