Today’s Market Overview Last night, after landing, I took a look… Huh? 78K already? Well, this move—from the rare consensus among several top analysts https://t.co/QjRolKunIs to the entry model at 73.6K https://t.co/7dNnau5e07 essentially represents a complete strategic framework, from macro planning to tactical entry points. So now the question is: Has this move run its course? Or is it still headed for 80K? Let’s examine the current data. Figure 1: First, let’s look at Open Interest (OI) to understand how yesterday’s rally unfolded. OI surged sharply during yesterday’s push to 78K, with both longs and shorts aggressively adding positions. Yesterday’s peak reached the highest level since the 2022 bear market bottom (per BTC). Leverage was pushed to extremes on both sides—meaning this rally wasn’t simply a cascade of short liquidations. Today, following news-driven pressure, the market has pulled back. Longs are now actively taking profits (and some overextended longs are cutting losses), causing OI to decline. Since OI hasn’t reset yet, there’s still room for further博弈 (strategic positioning). Figure 2: Let’s examine the order book. The most obvious observation: a massive 3,000 BTC sell order sits at 78K. Without spot buying pressure, this order will likely cap any upward movement throughout the weekend. Now that we’ve pulled back, let’s identify key support levels for longs. The two major psychological levels are 76K and 75K. However, buy orders at these levels are relatively thin—just moments ago, a large whale bid at 76.3K was filled. (Figure 3) Therefore, watch closely around 76K and 75K for signs of volume-backed entry models or SFPs—but don’t try to pre-place orders. (Figure 4)