Today's Observation: A giant whale is secretly buying near 94,000... 98991957647

This morning, 81,796,794,237 passed; this is the first state to pass the Strategic Reserve Act... We still need to wait for the governor's final signature for it to take effect...

Back to the market situation, currently, it is hard to go up due to pressure from selling orders... It also can't go down as there is hidden support below... It is estimated that we are still waiting for several data points on Wednesday... Generally speaking, before the release of major data, the market tends to trigger a wave of risk aversion and decline in advance. Currently, there is no significant downward pressure, which is slightly unusual... but this can be explained by the spot order flow, which will be discussed below.

From the order flow perspective, today during the day, a giant whale dumped directly 1,500 bitcoins at market price on the spot market within an hour... CVD rarely shows such a fixed slope downward... but you notice that the price surprisingly remains stable around 94,200 despite the hard sell of those 1,500 at market price... This indicates that there are hidden iceberg buy orders around 94,200... buying as much as is sold... (Figure 1)

So at least today until the data is released on Wednesday, short positions shouldn't be too aggressive... After all, yesterday 23,983,901,988 already provided the “buying guidance price” of 92,700 from last week. This week they might continue buying around 94,000... This is reflected in the order flow...

From the liquidity perspective, the current shorts are still quite aggressive, maintaining a rhythm of liquidating as much as possible... Yesterday, after touching around 95,500 and being pushed down... the shorts, who had stop losses and liquidations above 95,800, have benefited, resulting in the current liquidity of shorts between 95,800 and 96,400 continuing to light up like a light bulb... (Figure 2) If this wave triggers liquidation, it won't be small... It can be said to be a short-term target...

The liquidation trigger for the bulls mainly lies between 91,500 and 92,500. Given the presence of hidden giant whales around 94,000 today, it won't be easy for the bulls to get liquidated...

The US stock market is currently also fluctuating before the opening... Overall, everyone is waiting for Wednesday...

Today, it’s actually possible not to take any action. If you really want to operate, here are two ideas:

1. Test the giant whale's low long idea, enter around 94,000-94,500 (which is also the FVG gap), see above 95,000. If the buying whale is no longer there, then break below 93,800 and run...

2. Liquidation of shorts idea, high shorts hanging between 95,800-96,500... see around 94,500, if it stabilizes above 97,000, then run...