Today's observation.. It's been 2 days without data updates, what is BlackRock's ibit up to...

Today the macro aspect is still tariffs.. Europe will move quickly next.. Old Zhong will also start discussions next week, in fact, both sides have already loosened up a bit over the past two weeks.. Next week is expected to officially finalize the text.. So there is a high probability that there will be some concrete outcomes..

There’s nothing much about the macro other than that. I mentioned this Monday that the macro this week is relatively mild, so the prices are mainly fluctuating up and down. Following this fluctuation has made this week comfortable to trade...

The data on ETFs is quite strange... I mentioned before that, from a broader trend perspective, I have a method called "follow the money"... which means following the funds in the ETFs... Recently, there has been a continuous net inflow, and we only need to worry if there are three consecutive days of net outflow, as it might indicate that the short-term bulls are about to turn bearish.
According to the data released today, there has indeed been a net outflow in the last three days. However, despite the net outflow, the data from BlackRock's ibit on Monday and Tuesday is 0. (The largest amount of funds in ETFs is in ibit, so regardless of the inflows or outflows of the other smaller ones, we still need to look at the data from ibit itself.)
So looking at Monday and Tuesday, the other small ETFs are in a state of slight outflow, with BlackRock's data at 0, resulting in an overall net outflow. The latest data from yesterday shows similar slight outflows from other institutions, while BlackRock had a slight inflow, resulting in a total net outflow of 85 million.
Why didn’t BlackRock have data a couple of days ago? This is quite strange... Currently, there’s no way to determine if it’s really in a state of continued net outflow... We need to keep observing... For now, I can't determine if it’s turning bearish; it’s still operating within the oscillation range... For now, we’ll observe until this weekend, and also the data from Thursday and Friday.

Looking back at yesterday, it was a bit tough.. First, I got washed out by the high altitude.. Although I managed to hang on to the 11.98w position while sleeping.. I found that after the 12W pressure position was taken out, it returned to 12w again, plus the favorable news from the Japanese agreement.. I felt there was still potential for a breakout.. So I ran at 11.92.. Then the subsequent decline was inexplicable.. Eventually, it reached the low long position.. I entered at 11.78, and when it went up, it didn’t reach 1000 points and I returned to break even.. After coming down, after hitting the large contract order at 11.76w, it surged again at 11.74w.. As a result, I only captured half of the 1000 points, and the remaining half also returned to break even... This low long position took three attempts to go up.. I couldn’t do anything.

Looking at the order, the current spot prices of 11.70, 11.65, and 11.60 are all strong support levels with large orders... They are all worth entering the market... The stop loss should be set below 11.6w at least.... There is still some resistance above at 12W.
There is still a large wave of orders between 11.74 and 11.70 under the contract. The liquidity has just been completely taken out with that last move... The super large order at 11.50 is still there...

It feels like today the contract funds are taking advantage of the lack of major news to move back and forth within a range.. Maybe this wave at 11.74w today is from the same group that was hanging around 11.76 yesterday.. The order hanging method observed is also quite similar.. An order of 400 coins, with an interval of 200 points.. That wave yesterday was exited when trading back and forth around 11.90 today.. Finally, when it hit 11.92, the last wave of liquidity was pulled back.. So can I also expect to see around 11.90 in this wave?

Finally, today's thoughts... I don't really want to write anymore ah ah ah ah ah..
I have already finished today... Just while I was writing, the wave at 11.72 that I just entered... Actually, it was just the large orders of contracts at 11.76~11.70 that I entered, combined with the orders on the spot at 11.70... Now it has successfully concluded with a 1000-point gain... Well, although the article was posted slowly, at least I mentioned it in the group, so it can't be considered as hindsight commentary...

Continuing from today, for the aggressive traders, you can consider entering again near 117,400. This is because after observing the contracts, they removed the orders at 117,000, 116,800, and 116,600 after only placing an order at 117,200, and instead re-listed them at 117,400 and 117,200. So it's worth following this wave and ambushing again.
But attention should be paid to the position control of low longs at the moment, as the loss is intended to be lower.. Only after the spot order at 11.60 has been fully consumed, if the price does not bounce back up and continues to go down, then there will be a loss..

The high price of 11.90 might be too aggressive ( previous high + breaker block + today's trading dense area)
Let's consider around 120,000... If it breaks 121,000, it might not bounce back and we should run away...