# Today's Market Review

-- Yesterday, they manipulated a big move over 12 hours of grinding. Today, the 75k gamma squeeze script is already written... Just waiting to see if the bulls want to make a move...

Let me review yesterday first. Yesterday basically played out according to the script...

**Chart 1**

The 70.8k contract's naked short position continuously pressed for 12 hours...

But spot has been continuously selling off, while simultaneously unable to break down. Formed a consistent high point (due to contract suppression).

But the lows kept forming higher in a wedge pattern... looks exactly like accumulating liquidity for shorts...

Finally during the early morning with the thinnest liquidity, the contract suddenly withdrew orders and bulls started pumping...

Subsequently OI not only didn't decrease but increased further, with sustained long/short bets on both sides... Currently both spot and futures are making coordinated moves...

This current wave is like grandma climbing stairs... Today shorts need to be cautious.

Shorting is fine, but take profits after one bite—don't overextend the position...

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**Chart 2**

From the order book imbalance bands, although under continued order book suppression...

These past few days, shorts haven't had it too bad. There's a 1000-point opportunity every day as long as you don't overcommit...

But pushing upward under this pressure, maintaining this pattern for nearly 5 days now—this is already the strongest bullish move since 60k insertion...

This is also related to ETF net inflows. Yesterday Coinbase had such negative CVD flow, yet still maintained net inflows...

This is all connected to macro liquidity conditions. Many research reports mentioned this last week...

Can only say that from a macro perspective, research reports still have reference value...

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**Chart 3 - Order Book Perspective**

Currently spot is steadily eating through the sell orders stacked above. Today during Asian hours consumed mid-sized orders at 72k and 72.5k.

Gradually grinding down the overhead resistance.

But currently 72.5k~73k also continuously has new sell orders being placed... Looks like today will be another day of continued long/short confrontation...

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**Chart 4 - OI Perspective**

OI continues to rise with both longs and shorts actively opening positions.

(This was also one reason for my earlier assessment that 72k wasn't finished during today's Asian session)

In this steady push market structure, shorts need to exercise discipline... Wait for the final volume expansion moment or for a new range to complete...

To be continued... Next post coming...