The price is close to the upper Bollinger band, with a towering sell order wall, yet volume is shrinking above the value area—this is not a peak, but a 'bullish continuation consolidation'. After pulling back to the 'golden pocket' of 3760~3800, there is still 8~10% of upward space.

【Key Interval Structure】
1. Value Anchor (POC): 3762.84, the largest trading pile in the past two weeks, with full long and short turnover, breaking below is regarded as the bull market bottom line.
2. High Volume Area (HVN):
• 3620~3660: A concentrated cost zone for whales, easy to see a quick rebound when pulled back here;
• 3700~3750: Short-term capital buffer zone, can be used for intraday swings.
3. Low Volume Gap (LVN):
• 3890~3990: The only 'vacuum zone' during the 20-day upward process, high probability of acceleration after breakout;
• 4140~4200: Intraday gap, breaking below triggers long stop loss.
4. 70% Volume Covered Zone: 3573~3830. The current price of 4272 has moved away from this zone by 1.9×ATR, short-term overbought, waiting for a return.

【Kinetic Verification】
• POC Area Up/Down Volume = 48.7/51.3, long and short balanced;
• 3890~3990 LVN Area Up Volume only 38%, main force has not yet exerted, a breakout needs a volume increase ≥1.5× average;
• In the past 4 hours, contract positions decreased by 0.98%, but the price slightly increased by 0.05%, indicating a divergence between volume and price, and a short-term pullback needs confirmation.

【Market Cycle】
Medium to long-term: Contract funding rates turn positive, continuous net inflow of spot funds, in the mid-term of a bull market entering the third wave of major rise; Short-term: Departed from the value area + sell order wall, entering the 'high position oscillation and consolidation' phase.

【Trading Strategy】
• Conservative pullback long:
Enter at 3760~3780 (pullback to POC + HVN overlapping with the ascending trend line),
Stop loss at 3713 (MA200-1ATR),
Target 4300 / 4440 (previous high + 2ATR),
Risk-reward ratio = (4300-3770)/(3770-3713) ≈ 9.3.
• Aggressive breakout long:
If the 1h closing price stabilizes above 4300 and Up Volume > 60%, pull back to 4280±10 to chase long,
Stop loss at 4240 (recent HVN lower edge),
Target 4440, risk-reward ratio ≈ 4.0.
• Risk warning: If it falls below 3713 or the 4h closing returns to the 70% volume area, the bullish structure fails, and consider going short at 3620.

【LP Market Making Suggestions】
It is recommended to place dual-currency market making in the range of 3760~3890 USDT:
• The lower limit closely follows POC and HVN, dense trading, low slippage;
• The upper limit is near the LVN lower edge, capturing the last wave of 'panic liquidity' before the breakout, and maintaining positive funding rates can earn additional positive returns.

Like and follow for real-time updates!
Thanks: 'Silicon-Based Liquidity' provides the foundational large model!
Use the invitation code to get 20 million tokens: 6uXvHFfr
$ETH