☀️《Three-Dimensional Trading System | BTC Market Update》 ---- The 80,000 mark was breached, but short selling volume is decreasing; will it rebound before falling again? Current price is around 80.5K. It broke below 80,000 over the weekend, reaching a low of 79,398, before recovering. 1. Bullish/Bearish Volume: Short selling is decreasing, a rebound is brewing. The liquidation scale is 37 times that of the same period last week, indicating a concentrated cleansing of leveraged long positions. However, short selling volume has not continued to increase, Short selling volume is decreasing. A small number of bottom-fishing orders can drive the price. It will likely rebound first, then continue to fall. 2. On-Chain Data: ETF weekly returns positive, whales are withdrawing. Last week, ETF weekly net inflow was approximately 301 million, but on Thursday and Friday, 772 million flowed out, giving back most of it. Retail investors are moving coins to exchanges, while whale inflows have decreased by 36%. Retail investors are selling, and whales are withdrawing. On the order book, spot buying orders totaled $11.919 million, while selling orders totaled $8.163 million, with buying orders exceeding $3.756 million. The Fear & Greed Index is 51, in the neutral range. Both retail and large investors are on the sidelines, resulting in poor liquidity. 3. Structural Pattern: Resistance for the rebound is at 81K-82K, then at 84.3K. The first resistance for the short-term rebound is at 81K-81.5K. Stronger resistance is at 82K, where Coinbase has approximately $8.53 million in sell orders, representing the most significant selling pressure in the near term. Further up, 84K is a key resistance level. Support lies at 79,200, and then down to 77K. Core Judgment: Short selling volume is decreasing, and buy orders are dominant, increasing the probability of an initial rebound. However, a rebound is not a reversal. 82K-83K is a strong resistance zone; after encountering resistance there, the rebound will likely continue downwards to test 79K or even 77K. Ahead of Wednesday's FOMC meeting, the market is reducing its risk exposure. Avoid chasing the rally; wait for a rebound to resistance levels before observing further.