☀️ Bitcoin Market Early Bus - Is the Narrow Range Volatility Accumulating Momentum for a Direct Breakthrough Dear friends, the Bitcoin market weekly report has been released. Please move to the top of my account to check. The current price of BTC is about $81150, and it has rebounded more than 8% from the low point of 75K, but the 82K level has been repeatedly blocked. We will first use a three-dimensional integrated trading system to analyze the latest market trends. 1. Volume and trading volume: Driven by short squeeze, long without relay. This rebound is mainly driven by forced liquidation of short positions, not by new buying orders entering the market. The funding rate remains at 0.01% every 8 hours, indicating that no bulls are willing to pay a premium to chase after the rise, and there are signs of short-term momentum cooling down. 2. Latest on chain data: ETF saw a large inflow in a single day, but the selling pressure of the giant whale decreased. On September 18th, the net inflow of US spot ETFs was $433 million, with Fidelity FBTC ($311 million) and BlackRock IBIT ($108 million) almost monopolizing all inflows. But the net inflow for the whole week was only $6.2 million, indicating that the inflow has not yet continued. The main force of the current seller is: Long term holders took profits in the range of $77K to $80K, with a supply wall of approximately 539000 units; The wave of short-term holders cutting meat has passed, and the rise in Binance reserves is a potential "unsold ammunition" rather than a realized selling pressure. ETFs are the swing side, and the volatility of old currencies is the tail risk. The real core issue is whether the buyer can absorb the long-term holder supply of 539000 pieces before 82K. There is a positive change on the chain: the "Great Allocation" phase for long-term holders has ended, the two-year selling cycle of senior whales has come to an end, and the number of old wallets reactivated has decreased by more than half compared to last year. 3. Structural form: 82K is the confirmed resistance price, 79K is the defense line! The resistance above is around 82K, and after breaking through, it looks at 83K. Once the volume breaks through 84K, the bull market will officially start in full swing. Support 79K below, then 77.5K and 75K-76K below. There are a large number of hedging positions of option market makers near 80K, forming a "gravity" effect, and the price is easily pulled back to that position. Mr. Xiaolong's core judgment BTC has rebounded 23% from the bottom, and structural features of a bull market are gradually emerging. But in the short term, there is a large accumulation of liquidation and ETF holding costs around 82K, with concentrated selling pressure. This rebound is driven by bearish pressure, and spot buying has not yet taken over, so chasing high risks is not low. Trading strategy reference: Take long and buy above 77K, increase volume to break through 83.5K and stabilize, then continue to chase long or increase positions to buy. I think the bear market has ended and the bull market has started. CZ：Every dip is an opportunity. Every pullback is an opportunity to buy. Do you think the bear market has ended and the bull market has started? What confusion do you have about the current Bitcoin market and trading? Welcome to chat in the comment section.