Today's market FOMC is over, let's take a look at the future situation of BTC . First, let's talk about the option (Figure 1) which expires tomorrow with a wave of monthly options. The nominal amount is 9.6 billion. At that time, a large wave of various hedging funds will be unlocked. The most prominent feature of this Boli is that a wealthy individual purchased a large batch of 70k and 72k call cards Unfortunately, it didn't go up in the end, so this call was basically useless. Before the expiration of this wave, the market should still be mainly volatile today. The maximum pain point for this wave of options tomorrow is 64k, which is also within the current impact range. So it is speculated that the volatility should not be significant before tomorrow's expiration. The probability of oscillation around 64k is relatively high. --------------- Looking at the current structure again (Figure 2) The following paragraph was already written yesterday All of them are very neat - a downward trend of 4.6% and a rebound of 3.2% .. At present, there are 4 explorations (including today) at 64.7k, which have formed a very obvious area of liquidity . At the same time, this is also the key to maintaining LH and being able to stand firm and emerge from HH. Previously, at 65.7k, there were several instances where the front height could not be broken and HH could not be formed. Later, it went down. So since the price has reached this point today, let's focus on the liquidity of 64.7k . It's about disrupting liquidity and breaking through instability Still able to break through and stand firm It determines the future structure .. At the same time, it also overlaps with pending orders here ... ------------------ Hanging Order (Figure 3) The hanging order near 65k also includes a joint sell order of spot and contract . It can be said that there are already people waiting to eat that wave of liquidity If 64.7k is inserted upwards to force a gap (such as PCE for a while), it can just plug out those pending orders Then you can observe whether there is absorption, and if there is delta reversal, you can consider entering . There's nothing down there, the orders are not big .. 1300+giant whales are still collected around 61.3k .. Correspondingly, if we cannot break through from 64.7k and continue a symmetrical -4.6% drop, we will just reach the 61.5k range .. So 61.5k is still a low multi range with high cost-effectiveness and RR. ---------------- So to summarize, today's plan is as mentioned above . Observe from above 64.7k to around 65.2k at high altitude to see if there is SFP/absorption . Low, 61.5k is too far. Let's not consider it today. What we can consider today is the SFP above 63k. Let's see if there is any SFP at yesterday's FOMC low point. Overlay 63k is not a very strong pending order here ..