Today's Observation: What's going on? Institutions have started to worry about inflation and recession after a weekend of thinking?

Well.. I woke up this morning and saw such a big spike, a bit confused, wondering if there was some big news in geopolitics or somewhere else? But there was nothing at all.. A big whale unloading? Just wanted to dump it in one go? Or did they spend the weekend thinking it through, understanding Powell's intentions, and still feel the need to speculate on a wave of recession or inflation that can't be suppressed?

Fortunately, I set a stop loss of 600 points on the long position before going to bed last night..

I'm out during the day today, and now I can take a closer look at what happened today..

Actually, it's understandable that there's a bit of movement on the Ethereum side leading to some sell-offs.. After all, it has risen too sharply recently, and those who chased it in want to ride the momentum, but are also afraid of being the last ones holding the bag.. So whenever it reaches an ATH or the psychological barrier of 5000, as soon as there's a bit of movement, everyone rushes to sell off..

And Bitcoin is also in a bit of a weak position lately.. Weak enough that those who have held for a long time are starting to doubt whether this wave has peaked? The weaker the buying interest, the more they want to sell (look at how Ethereum is surging, isn't it tempting?) So Bitcoin also gets sold off carelessly...

Well.. Let's not get tangled up over these unexpected situations..

However, today's daytime fluctuation between 11.08 and 11.20w is slowly filling the gap of the URPD chain's turnover.. Those who didn't manage to get in earlier are gradually getting in now..

But overall, CVD is negative, and this area is still dominated by selling..

Today's situation is tricky to navigate.. After the US market opens, will they continue to sell off? Or will they start accumulating? After all, the stock index futures are still declining during the day.. It shouldn't lead to an immediate V-shaped reversal after the market opens..

I'm still inclined to think there might be one more dip in the first 5 minutes after the market opens..

So the approach should still be cautious and conservative.. Let's look at the lower long positions between 11~11.05w.. If there’s another dip after the market opens.. At the same time, there's a large spot order around 11W that can serve as a clear support reference.. It’s also easy to set a stop loss; if it breaks below 11W and the spot orders get taken out, just run away.. The only problem is that you might not be able to get in..

High shorts are uncertain, so let's observe for now.. It's a very strange market, observing isn't a problem...