3D Integrated Trading System | BTC Market Analysis (1/3): Volume and Energy The bears are a bit hard to hit, while the bulls are starting to resist tenaciously around 80K. Near the current price of 82500, it fell all the way from 87396, with 85K, 84K, 83K, and 82K falling one after another. But around 80K, at the four hour level, short positions can begin to shrink and the intensity of the sell-off is weakening. The bullish momentum can be amplified around 80K, with the emergence of secondary momentum and the formation of a bearish candlestick. The bullish momentum is absolutely strong, indicating signs of consolidation. However, the subsequent sharp decline in long positions indicates that the bulls are only probing and have not continued to attack. In the past 24 hours, a large number of long positions have been liquidated, but the scale of liquidation is shrinking. The shift from "stampede clearing" to "sporadic clearing" is a signal of declining downward momentum. Quantitative judgment: Short positions can shrink, while long positions are tentatively accepting around 80K. The downward momentum is diminishing, and there may be a technical rebound in the short term. But the rebound force is not enough, the rebound space is limited, and 83K is a strong resistance level. In the short term, the price is unlikely to rise.