Today's market Very fierce Yesterday, there was only a 3% retracement to 78k before continuing to rise .. The driving force behind it still comes from the funds of ETFs, which reached 600 million on Friday and 500 million yesterday. (Maybe there are still micro strategies this week, they stopped last week and may have started again this week) Then continue watching today Figure 1: From the perspective of the order In the past few days around 8W, a large number of sell orders for both spot and contract stocks have been consumed and traded due to the push of funds .. A large number of people are shipping, while more funds are entering the market . The selling range of the contract corresponds to the range of short liquidity . So it can also be understood as using bearish stop loss to execute these sell orders above . At present, it still depends on the sentiment of the funds on the US stock market . ----------- I have researched why the US stock market can still reach such a new high despite the fact that the Middle East issue has not been completely resolved There are probably these points The market is betting that things will soon be resolved, rather than things already being resolved So even if Hormuz is not substantially open now But it has already reached a new high . One part is the belief of Trump taco. The people who suffered losses in April last year don't want to suffer any more losses this time The recent financial reports have all performed well. The market turns a blind eye to the situation in the Middle East because it has found another narrative: fundamentals. The narrative of technology and AI remains unbroken Technology companies are relatively unaffected by the impact of oil prices, and their profits are still skyrocketing . 4 technical buying orders, short covering and stop loss, record breaking buybacks this year (422 billion buybacks so far this year), a wave of FOMO people . ---------- So the summary is Strong fundamentals+unbreakable AI narrative+technical forcing+TACO+FOMO And BTC is currently similar The sudden influx of funds (ETF+micro strategy) combined with a continuous bearish trend . (Recent liquidity chart) -------- The unbalanced color band in Figure 2's order book has always been a reference for my band . After consuming several sell orders around 80000 yuan, it is relatively balanced There is no ribbon . Without a color band, one cannot confidently hold the empty space of the band At most, make some intraday scalp orders when there are entry models available. Figure 3: OI was bombed by missile time yesterday after a wave of OI The new influx of leveraged funds has once again pushed OI to a high point .. If you want to go much lower, it would be better to wait for the next wave of OI reset Nowadays, chasing more here is not cost-effective . As mentioned above, the frequency band is temporarily suppressed and we will wait for the entry model within the day . ----------- Figure 4: The giant whale image is still in a state of continuous shipment here . Further guidance, there are 82k and 85k newly posted today -------------- Continue reading the next article