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

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

-> It seems that the market maker 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 has a slight advantage at 51%, while the short side is at 49%.

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

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Currently, the market is forming two distinct psychological zones:

• Scenario 1: 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 resistance of 100K.

• Scenario 2: The house is luring liquidity to trap players into opening many long positions and waits for the right moment to harvest. According to Richard, the suitable time may be from Friday evening to the weekend – when the US stock market is closed, the market maker can freely manipulate prices.

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So, in your opinion, if acting like a market maker, which scenario would the house choose to execute?

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

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