Market Maker’s View: $BTC —this morning, both sides tested once with their wicks; not one close broke through
12:38 snapshot: Price 73,780.5, 24h high 74,975.5 / low 72,688, 24h -1.20%.
All four 1H candles this morning closed above 73,200: 08:00 closed at 73,508.4, 09:00 at 73,575.1, 10:00 at 73,614, and 11:00 at 73,746.5. The closing-price range was just $238.1. Including the 01:00 candle, that makes eleven consecutive closes without falling back below 73,200; even the lowest close, at 08:00, was $308.4 above it.
Both sides were tested only by wicks: the 09:00 upper wick reached 74,018.3, still $81.7 short of 74,100; the 10:00 lower wick dipped to 73,178.9, breaking below 73,200 by $21.1, but the candle closed back above it at 73,614—a $414 recovery. By closing-price criteria, neither of the morning’s two invalidation levels was triggered.
OI: 35,882.2 coins, about $2.647 billion, up approximately 193.5 coins since early morning; funding rate: 0.01%/8h, next settlement at 16:00; of the latest 100 trades, approximately 27 were market buys and 73 market sells over about 12.9 seconds—reference only.
If I were the market maker:
These four morning closes make the math clear: a wick breaking 73,200 doesn’t count; only a close below it does. The 10:00 candle dipped $21.1 below the line and recovered, showing buyers were waiting below it—but their buying was only enough to push the close back to 73,614, not to lift the price above 74,000. The same goes for the upside: the 09:00 candle touched 74,018.3 and turned back, so selling pressure near 74,100 is still there. Both sides are testing, then retreating. In a market like this, anyone rushing to a conclusion pays tuition first. I wait for the close.
Retail traders following the big players should wait for confirmation:
If the 1H candle closes above 74,100, the rebound continues; next watch 75,000.
If the 1H candle closes below 73,200, the morning pause setup is invalidated; next watch 72,688.
The 12:00 candle is still forming: high 73,866.5, still $233.5 short of 74,100; low 73,446.4, which is $246.4 above 73,200. The close is not yet settled, so nothing has been triggered. The first decisive point is the 13:00 close, when the 12:00 candle is finalized.
This is a simulated discussion and does not constitute investment advice.
#BinanceSquare #BTC #MarketMakerView
12:38 snapshot: Price 73,780.5, 24h high 74,975.5 / low 72,688, 24h -1.20%.
All four 1H candles this morning closed above 73,200: 08:00 closed at 73,508.4, 09:00 at 73,575.1, 10:00 at 73,614, and 11:00 at 73,746.5. The closing-price range was just $238.1. Including the 01:00 candle, that makes eleven consecutive closes without falling back below 73,200; even the lowest close, at 08:00, was $308.4 above it.
Both sides were tested only by wicks: the 09:00 upper wick reached 74,018.3, still $81.7 short of 74,100; the 10:00 lower wick dipped to 73,178.9, breaking below 73,200 by $21.1, but the candle closed back above it at 73,614—a $414 recovery. By closing-price criteria, neither of the morning’s two invalidation levels was triggered.
OI: 35,882.2 coins, about $2.647 billion, up approximately 193.5 coins since early morning; funding rate: 0.01%/8h, next settlement at 16:00; of the latest 100 trades, approximately 27 were market buys and 73 market sells over about 12.9 seconds—reference only.
If I were the market maker:
These four morning closes make the math clear: a wick breaking 73,200 doesn’t count; only a close below it does. The 10:00 candle dipped $21.1 below the line and recovered, showing buyers were waiting below it—but their buying was only enough to push the close back to 73,614, not to lift the price above 74,000. The same goes for the upside: the 09:00 candle touched 74,018.3 and turned back, so selling pressure near 74,100 is still there. Both sides are testing, then retreating. In a market like this, anyone rushing to a conclusion pays tuition first. I wait for the close.
Retail traders following the big players should wait for confirmation:
If the 1H candle closes above 74,100, the rebound continues; next watch 75,000.
If the 1H candle closes below 73,200, the morning pause setup is invalidated; next watch 72,688.
The 12:00 candle is still forming: high 73,866.5, still $233.5 short of 74,100; low 73,446.4, which is $246.4 above 73,200. The close is not yet settled, so nothing has been triggered. The first decisive point is the 13:00 close, when the 12:00 candle is finalized.
This is a simulated discussion and does not constitute investment advice.
#BinanceSquare #BTC #MarketMakerView
