3D Integrated Trading System | Latest Analysis and Prediction of BTC Evening Market BTC's current price is around 83300 and has just rebounded from 82800. I can also see on this order book that there are long positions buying! As usual, let's first analyze and judge the market trend from a three-dimensional perspective. 1. Volume and trading volume: Spot prices are recovering, while futures leverage is chasing higher prices. From a four hour perspective, both long and short positions are relatively weak, and now it depends on the intensity of negative news. According to Glassnode data, the spot trading volume of various trading platforms has increased by 121% compared to the low point in August, and this increase in volume is synchronized with the price rise, Unlike the previous four instances of heavy trading accompanied by a decline, spot buying is truly returning. However, the open interest of perpetual contracts surged to over 62 billion US dollars, returning to the level of July. On September 21st, the liquidation of short positions exceeded 920 million, with open positions rising instead of falling. After the liquidation of short positions, they were immediately replaced by new long leverage. Traders are chasing gains, not deleveraging. 2. On chain data: ETF inflows are slowing down, and exchange reserves are decreasing. The daily inflow of ETFs has decreased from 999 million to 135 million, and buying is slowing down. Binance's BTC reserves decreased by about 16000 coins in a week, and whales and retail investors bought BTC on dips. On September 21st, miners sold nearly 20000 coins during the rebound and cashed out at high prices. 3. Structural form: The 82800 double bottom is temporarily held, but this is likely not the end point of the decline. The 82800 has not been broken in two tests, and the short-term double bottom is established. This small-scale structure is not reliable. The price decline will not be so smooth, mainly fluctuating and bearish. Xiaolong's core judgment: BTC rebounded after hitting bottom at 82800, but I don't think this is the ultimate target price for this correction. Spot prices are recovering, but the accumulation of leverage in futures is a short-term risk. ETF inflows are slowing down, and buying momentum is declining. My judgment remains unchanged: the probability of rebounding to 80K-81K is the highest, and that is the real opportunity to get in the car. PCE and non farm payroll data are likely to fluctuate and decline before they are released. We can patiently wait for the price to drop to around 80K before deciding to enter the market.