"Three-Dimensional Trading System | BTC Market Analysis (1/3): Volume Analysis" --- The "player" bulls win out, as the four-hour bullish volume laid the foundation for a counterattack. After bears smashed through 80K, bulls immediately fought back. On the four-hour timeframe, bearish volume surged as 80K was broken but quickly shrank afterward. Around the 80K level, bulls showed significant buying volume, forming a long lower shadow. Over the past 24 hours, 79.5% of liquidations were from bullish positions. However, in the last 12 hours, bearish liquidations have started to dominate, with the scale of bear liquidations exceeding bulls by more than 5x. This is a "kill the bulls first, then squeeze the bears" dual-sided cleanup. Volume Analysis: Short-term downward momentum is weakening, and the strength of the rebound depends on whether volume can push BTC above and hold at 83K. Looking at the bullish vs. bearish volume strength over the past two months, bullish volume has generally been stronger than bearish volume. Therefore, BTC's price is unlikely to drop significantly.