Today's Market Update About to head out... so I'll keep it brief... Still sticking to the same view as earlier today... Lack of ETF buying support means the weekend and Monday's Asian session couldn't push higher... (But actually, Binance spot has been actively buying throughout the weekend.) The main focus is still on observing the absorption direction of the two contract ranges in Chart 1... ------ Color Band Model - See Chart 2 Saturday's color bands above and below were misleading... Mainly because the lower bands are tied to contracts in the far price range (2.5%~5%), while the upper bands are more suppressive and tied to spot in the near range (primarily the massive dual sell orders of 80k spot and contracts). Currently, the lower contracts have balanced out (see Chart 1), but spot is still suppressed at 80k. So, as the price moves into the 2.5% range below 80k, the upper color bands are likely to reappear... Still looking for high short opportunities below 80k. If there's an entry model... -------- My entry model has been working really well recently... (See Chart 3) Volume reversals have been very standard... This is all thanks to more retail traders entering the market, bringing liquidity back... Feels a bit like 2025... So, it's still unclear if this is a true bull run (83k hasn't held yet), but the liquidity vibes are definitely back... ----------- Today's key focus is still on ETF movements... Over the past three weeks, ETFs have shown a pattern... inflows and outflows are weekly-based... - First week of August: mostly net inflows (62k -> 65k) - Second week: mostly net outflows (65k -> 62k) - Third week (last week): significant net inflows So, whether today's flow maintains last week's momentum or weakens will determine if this week sees a strong breakout or a sideways pullback. For now, Monday is still too early to tell. The U.S. algorithms haven't kicked in yet... Noise is still mixed for now... I'll update again later tonight before the U.S. market opens, using my phone while I'm out... ------------- For intraday trading today, still focusing on the two ranges in Chart 1 and looking for opportunities with the entry model... ------------ Most of my intraday systems and model templates are shared in Discord.