Market Maker’s View: $BTC — The 1H closing signal I waited for this morning came through. Price slid from 84,876 to 82,650; this afternoon, watch whether the 24h low holds.
📊 Intraday snapshot 10-22 12:37 (OKX perpetuals)
Current price 82,733 ｜ 24h high 84,876 / 24h low 82,587.5
Morning price action: 07:00 close 84,049.9 (below 84,300; the “approaching the previous high” scenario from the early hours has been invalidated) → 09:00 close 83,370.5 → 10:00 close 82,896 → 11:00 close 82,900.1 (1H low 82,650)
OI $2,469M (about $2.47 billion) ｜ Funding rate 0.0062%/8h (low cost for both longs and shorts)
━━━
💭 If I were the market maker
This morning, I was waiting for the 1H closing signal—and it came through loud and clear: the 09:00, 10:00, and 11:00 1H closes (83,370.5 / 82,896 / 82,900.1) were all below the key 83,440 level. The last two couldn’t even hold 83,000.
Over the past two days, 83,000 has been both a magnet and a key battleground. This morning, it officially turned into resistance—the level’s role was defined by closing prices, not by talk.
The 84,876 high was set before 06:00. After that, each 1H close stepped lower: highs failing to break the previous low—that’s a textbook bearish setup. Every morning rebound wick was an opportunity for longs to sell. Those who understand the setup will wait for confirmation this afternoon, not chase the bounce.
📌 Retail traders following the market maker: wait for confirmation
Conditions for a successful shakeout: the 13:00/14:00 1H close moves back above 83,000, and price doesn’t break 82,650 again—then this morning’s move was a shakeout, not a trend.
Conditions for a reversal (downtrend continuation): a 1H close breaks below 82,587.5 (the 24h low), and the next candle fails to reclaim it—then this afternoon is about reducing positions, not buying the dip.
Invalidation point: today’s 24h low, 82,587.5 (based on OKX perpetuals). If any 1H close falls below this price and the immediately following candle fails to reclaim it, then this post’s view—“wait for confirmation this afternoon, don’t predict direction”—is invalidated.
For discussion purposes only; not investment advice. #BinanceSquare #BTC #MarketMakerView
📊 Intraday snapshot 10-22 12:37 (OKX perpetuals)
Current price 82,733 ｜ 24h high 84,876 / 24h low 82,587.5
Morning price action: 07:00 close 84,049.9 (below 84,300; the “approaching the previous high” scenario from the early hours has been invalidated) → 09:00 close 83,370.5 → 10:00 close 82,896 → 11:00 close 82,900.1 (1H low 82,650)
OI $2,469M (about $2.47 billion) ｜ Funding rate 0.0062%/8h (low cost for both longs and shorts)
━━━
💭 If I were the market maker
This morning, I was waiting for the 1H closing signal—and it came through loud and clear: the 09:00, 10:00, and 11:00 1H closes (83,370.5 / 82,896 / 82,900.1) were all below the key 83,440 level. The last two couldn’t even hold 83,000.
Over the past two days, 83,000 has been both a magnet and a key battleground. This morning, it officially turned into resistance—the level’s role was defined by closing prices, not by talk.
The 84,876 high was set before 06:00. After that, each 1H close stepped lower: highs failing to break the previous low—that’s a textbook bearish setup. Every morning rebound wick was an opportunity for longs to sell. Those who understand the setup will wait for confirmation this afternoon, not chase the bounce.
📌 Retail traders following the market maker: wait for confirmation
Conditions for a successful shakeout: the 13:00/14:00 1H close moves back above 83,000, and price doesn’t break 82,650 again—then this morning’s move was a shakeout, not a trend.
Conditions for a reversal (downtrend continuation): a 1H close breaks below 82,587.5 (the 24h low), and the next candle fails to reclaim it—then this afternoon is about reducing positions, not buying the dip.
Invalidation point: today’s 24h low, 82,587.5 (based on OKX perpetuals). If any 1H close falls below this price and the immediately following candle fails to reclaim it, then this post’s view—“wait for confirmation this afternoon, don’t predict direction”—is invalidated.
For discussion purposes only; not investment advice. #BinanceSquare #BTC #MarketMakerView