Bitcoin 4-hour timeframe long vs. short volume comparison: What signals can you spot? In the chart below, the blue box highlights the recent days' Bitcoin long volume, which has been gradually weakening. The latest 4-hour volume has already dwindled to just half of the short volume! Long positions are in danger! Shorts are continuously increasing their positions to short Bitcoin, while longs are desperately holding on but are clearly running out of steam. The collapse of the longs is imminent—just one last breath away. Come on, shorts, push harder, and the price is very likely to plummet. Once the 4-hour timeframe decisively breaks below $58K, the price will head straight for the $54K-$55K range, and it might even ultimately reach around $52K. Only then will we see a rebound. The $60K and $58K 'iron bottom' are destined to be broken! Let’s wait and see.