Market Maker’s View: $BTC 01:00 close reclaimed 73,200; after the selling pressure eased, six closes consolidated above the band
📊 08:38 Snapshot
Price 73,716.1, 24h high 75,255.9 / low 72,688, 24h -1.71%
OI 35,688.7 coins, about $2.631 billion, down about 917.5 coins since early morning
Funding rate 0.01%/8h, next settlement at 16:00
Sample of 100 trades: over about 5.8 seconds, 72 aggressive buys vs. 28 sells; for reference only
📌 What happened overnight
00:00 close at 72,850, low of 72,688 set a new 24h low; the selling pressure looked set to continue
01:00 close at 73,266, back above 73,200 by $66; the “selling pressure eases” scenario from the early-morning post was triggered
02:00–07:00 six closes at 73,453.6 / 73,440.5 / 73,750 / 73,825 / 73,670.4 / 73,769.4, all above 73,200, with a closing range of just $384.5
05:00 wick briefly reached 74,024.8, still $75.2 short of 74,100; it didn’t reach it
01:00 low of 72,754.8 was $66.8 above 72,688; price never came close again, and the 02:00 low of 73,078.8 was the lowest afterward
💭 If I were the market maker
After CPI, price broke through two levels in a row—I already had the direction, so I wouldn’t rush to push it lower again overnight. One candle closed back above 73,200 at 01:00, showing buyers were waiting below that level. But six closes stalled between 73,440.5 and 73,825, and nobody even reached 74,100, which shows buyers weren’t in a hurry to chase higher either. OI fell by about 917.5 coins, and the funding rate returned to 0.01% from 0.0076%; both bulls and bears are waiting for the next close to set the direction. Today I’m watching just two levels: 74,100 above and 73,200 below.
✅ Retail traders following the market maker: wait for confirmation
Invalidation levels: an hourly close above 74,100 would mean the rebound is continuing; next watch 75,000. An hourly close below 73,200 would invalidate the pause scenario; next watch 72,688. The first key confirmation is the 09:00 close; 08:00 is still in progress and doesn’t count.
Simulated discussion; not investment advice.
#BinanceSquare #BTC #MarketMakersView
📊 08:38 Snapshot
Price 73,716.1, 24h high 75,255.9 / low 72,688, 24h -1.71%
OI 35,688.7 coins, about $2.631 billion, down about 917.5 coins since early morning
Funding rate 0.01%/8h, next settlement at 16:00
Sample of 100 trades: over about 5.8 seconds, 72 aggressive buys vs. 28 sells; for reference only
📌 What happened overnight
00:00 close at 72,850, low of 72,688 set a new 24h low; the selling pressure looked set to continue
01:00 close at 73,266, back above 73,200 by $66; the “selling pressure eases” scenario from the early-morning post was triggered
02:00–07:00 six closes at 73,453.6 / 73,440.5 / 73,750 / 73,825 / 73,670.4 / 73,769.4, all above 73,200, with a closing range of just $384.5
05:00 wick briefly reached 74,024.8, still $75.2 short of 74,100; it didn’t reach it
01:00 low of 72,754.8 was $66.8 above 72,688; price never came close again, and the 02:00 low of 73,078.8 was the lowest afterward
💭 If I were the market maker
After CPI, price broke through two levels in a row—I already had the direction, so I wouldn’t rush to push it lower again overnight. One candle closed back above 73,200 at 01:00, showing buyers were waiting below that level. But six closes stalled between 73,440.5 and 73,825, and nobody even reached 74,100, which shows buyers weren’t in a hurry to chase higher either. OI fell by about 917.5 coins, and the funding rate returned to 0.01% from 0.0076%; both bulls and bears are waiting for the next close to set the direction. Today I’m watching just two levels: 74,100 above and 73,200 below.
✅ Retail traders following the market maker: wait for confirmation
Invalidation levels: an hourly close above 74,100 would mean the rebound is continuing; next watch 75,000. An hourly close below 73,200 would invalidate the pause scenario; next watch 72,688. The first key confirmation is the 09:00 close; 08:00 is still in progress and doesn’t count.
Simulated discussion; not investment advice.
#BinanceSquare #BTC #MarketMakersView
