《Three-Dimensional Trading System | BTC Evening Market Analysis (1/3): Volume》 Bears are completely in control; bulls have given up resistance. Is the subsequent rebound an opportunity to short? Current price is around 69,200. BTC has plummeted from 71,500, breaking below 69K, reaching a low of 68,943, a new low since August 20th. In the past 24 hours, $1.232 billion in liquidations occurred across the network, with over 150,000 people forcibly liquidated. Long positions accounted for 88.3%. This is not a normal pullback; it's a collective funeral for leveraged longs. On the four-hour chart, bearish volume continues to increase, while bullish volume has almost disappeared. The Fear & Greed Index has fallen into the extreme fear zone, but "extreme fear" can persist for a long time in a downtrend and is not a buy signal. Volume Judgment: Bears are absolutely in control; bulls are powerless to resist. 69,000 is a short-term psychological level; a break below this level would target 67,700. A rebound is an opportunity to reduce positions, not an opportunity to buy.