If you think like a market maker, how would you act in this situation?

In the past three days, BTC has been quite strong around the 93K area. The two daily candles before clearly show strong buying support, with long lower wicks indicating that buyers are still in control.

-> It seems that MM is giving players time to choose sides and observe which side gains the upper hand – long or short.

-> Checking the 24H long/short data on Coinglass, the long side currently holds a slight advantage at 51%, while the short side is at 49%.

-> Top coins like BTC, ETH, and SOL are being opened for long positions more, reflecting expectations that prices will continue to rise.

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Currently, the market is forming two distinct psychological zones:

• TH1: BTC breaks the resistance at 95K and continues to push up to the 98–99K range, then faces strong profit-taking pressure at the psychological barrier of 100K.

• TH2: The market maker is luring liquidity to trap players into opening many long positions and waiting for the right moment to harvest. The suitable time according to Richard could be from Friday evening to the weekend – when the US stock market closes, MM can freely manipulate the prices.

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So, in your opinion, if acting like a market maker, which scenario will the market maker choose to kill?

An interesting note: The liquidity of BTC in the 83K–85K range is quite thick and occupies the most. Logically speaking, this is an area that MM cannot overlook.

Last year, during the monthly candle reset (April 30 – May 1, 2024), the market witnessed a strong correction of over 8 thousand in price (from $64,700 to $56,500).$ETH #BTCvsMarkets