《Three-Dimensional Trading System｜BTC Market Analysis (1/3): Volume》 The bears just got squeezed, and overall, the bullish volume is stronger than the bearish volume. Is BTC about to break upward this time? Current price is around 83.5K. In the past 24 hours, BTC short positions worth approximately $79.25M were liquidated, accounting for 61.3% of the total liquidation amount. This move from 82K to 83.2K was partly driven by short covering and partly by BlackRock and MicroStrategy buying BTC, pushing the price higher. So, as we can see, the bullish volume on the 4-hour chart has indeed expanded, and the strength of spot buying is accumulating! Looking at the red bearish volume fluctuation curve in the volume area of the chart below, bearish volume is clearly declining. Volume Analysis: Bearish volume is weakening, and the bulls haven’t pushed further yet. However, over the past two to three months, bullish volume has taken the lead and gained the upper hand. Moving forward, the price is likely to oscillate upward in a moderate manner. The bulls are waiting for the catalyst from the Fed’s October 29 FOMC meeting to blow the bears out of the water together.