"Three-in-One Trading System | Latest BTC Market Update Tonight (3/3): Structural Patterns and Core Judgments" --- Every dip is a buying opportunity! Structural Pattern: Surge and pullback, the bull market confirmation line at 83,500 is being tested. BTC has dropped from the high of 87,392 to today's low near 82,800, essentially breaking below the bull market confirmation line at 83,500. Is the bull market over? NO! The price has fallen below the expected first pullback target of 83,500, with the next pullback target near 80K. Core Judgments from Xiao Long: Today's market has three key clues. 1. After a breakout with high volume, the pullback is happening with lower volume, indicating weakening bullish momentum. Short-term movements are dominated by bearish liquidation. The decline in open interest signals deleveraging. Bearish pressure isn't strong, but bulls are retreating. 2. ETFs have seen inflows for five consecutive days, but single-day inflows have dropped sharply from $1 billion to $347 million, showing buying momentum is fading fast. Whales stopped accumulating in September, and spot demand remains negative. ETFs are buying, whales aren't, and spot demand is weak—on-chain structure is fragile. 3. The bull market confirmation line at 83,500 is being tested and is essentially unsustainable. Prices are highly likely to test 82K or even 80K next. Core Judgment: ETF inflows are a key support, but the inflow rate is slowing down. I'm using the ETF institutional fund flow as a reverse indicator because, despite two consecutive days of large net inflows from ETF spot institutions, BTC's price couldn't resist the pullback. The bear market is over, and the bull market has begun. Healthy pullbacks don't change the signal of a bull market start; they simply give us opportunities to buy at lower levels and catch the bottom. Be patient and wait for the price to drop near 80K. We'll carefully analyze and judge whether this becomes a true bottom area for the phase—our target for bottom-fishing and adding positions.