# Today's Market Overview

Went out this morning, came back to check the charts... and it feels like, the show you wanted has finished playing (75k)), so where do you want to go next...

As usual, let me review various data points.

**Chart 1 - Capital Flow**
After touching 76k today and reversing, it was mainly due to selling pressure from Binance and OKX. In contrast, Coinbase didn't sell much. Combined with ETF inflows remaining stable at around 200 million per day this week with no major FOMO buying or outflows, the entire week has been a slow staircase-like uptrend.

**Chart 2 - Total Delta Perspective**
Throughout this week, these waves have consistently shown a pattern of bulls exhausting 2B while bears exhaust -1B. This can continue to serve as a reference for the week.

**Chart 3 - Current Order Book**
From the order perspective, bulls aggressively need support at 73k. The insertion at 73.5k just now has several resonating low-bullish signals that I'll elaborate on shortly. Meanwhile, the spot-futures order books above are still relatively sparse, with pressure likely to appear around 78k. The order book temporarily supports the expectation of one more up-leg today.

However,

**Chart 4 - On-chain Price Alert**
Today we need to pay attention to an important on-chain metric - the real average price. I mentioned this in a previous article as one of the important indicators for determining bull/bear markets on-chain. Previously at 80k, we failed to hold this level, triggering a massive selloff down to 60k.

Similarly, this average price has now declined to around 78.3k, where we can expect to encounter certain selling pressure. This is both the pressure from trapped costs and psychological resistance. After all, many on-chain analysts also watch this line and have expectations like "consider taking profits/entering shorts here." When everyone expects it, it becomes real pressure.

To be continued...