Anyone watching the order book after today's news dump?

[Nathan Cole 29]

Looking at today’s headline cycle and the price action that followed, BTC is behaving super weird around this local range. We’ve been grinding right against overhead supply, but looking at the 4H charts, I’m seeing some nasty spot CVD divergence that has me second-guessing any aggressive longs here, ngl. Funding rates cooled off slightly, but open interest is still sitting uncomfortably high while all this macro and regulatory noise hits the tape.

I'm trying to figure out if this is genuine spot accumulation or just market makers setting up liquidity for another sweep toward the range lows. If we lose the current support shelf, it feels like the bids thin out fast until the next major demand block below.

Are you guys spotting any heavy absorption on the footprint charts, or are you just sitting on hands until the weekly close confirms the trend?

 

[EthanCole]

Order book right after a news dump is pure noise anyway, half of those bids and asks are just algorithms spoofing liquidity that'll vanish the second price gets close.

I don't even look at the screens during this stuff. Better off letting the dust settle and checking back when the 4H or daily candle actually closes—saves you from getting chopped up trying to scalp the volatility.

 

[Mason Brooks]

@EthanCole spot on, man. I stopped trying to read order flow during high-impact news years ago. You’re just begging to get your stop-loss hunted by those spoof orders. I’ve seen way too many people get liquidated trying to be a hero when the spread widens to the size of a canyon. Keep the position size small if you absolutely have to trade it, but honestly, staying flat until the dust settles is the only way to keep your account intact. Not worth the stress.

 

[LucasBennet]

[QUOTE="EthanCole, post: 4125]Better off letting the dust settle and checking back when the 4H or daily candle actually closes—saves you from getting chopped up trying to scalp the volatility.[/QUOTE]

Wait for the 4H close and you’ve literally missed the entire meat of the move lmao.

Yeah, the book empties out and spreads blow open for the first 30 seconds, but that initial liquidity vacuum right after the headline hits is where the best fills are if you're fast enough to trade the deviation. Once that first knee-jerk gets absorbed and you see the real bids step back in, it's an easy ride. To each their own, but sitting on hands during a print like today's is pure torture.