☀️ 3D Integrated Trading System | BTC Market Evening Analysis ----Oil prices soar, inflationary pressures resurface, US stocks fall, and Bitcoin bulls resist tenaciously. The current price is around 81.5K, the oil price has soared to $110, the ETF is still selling, but the giant whale has not run. Long and short positions: In recent days, the long positions have been stronger than the short positions. So, it is difficult for prices to plummet in the short term. Yesterday it hit a minimum of 80.8K, and today it was tested again, holding on. But the liquidation volume plummeted by 65%, and the long short ratio was close to 50-50. No one is willing to fight first, a big market is brewing. On chain data: ETFs are selling, whales are buying. On October 16th, the net outflow of ETF was 82.41 million, and the outflow of BlackRock IBIT was 71.8 million. The cumulative outflow of ETFs this week is about 409 million. But the holdings of the giant whale have risen to 3.03 million BTC, the highest since November 2025, and the monthly increase rate is the fastest since February. Structural form: 80K is the lifeline, 81.5K is the short-term support. In the short term, prices are still oscillating and accumulating momentum in a narrow range structure. 80K is the bottom line that has been repeatedly defended in the past week, and if it falls below it, we will look at 78K. Xiaolong's core judgment: The oil price soared, with Brent crude oil breaking through $110 at one point, and inflationary pressure resurged. ETFs are selling, but whales are buying. The lifeline of leveraged positions for whales is 80K, while their average spot cost is around 77K. Therefore, 77K is a strong support price. Given the macro fundamentals and the fact that bulls are not actively attacking, the price of Bitcoin may gradually fluctuate and fall to around 77K under some bearish pressure. Bitcoin did not fluctuate much over the weekend, but it opened on Monday. Both long and short sides will engage in fierce competition, and the price will fluctuate significantly. ⚡ What is currently causing concern are international oil prices, the Iraq War, and the midterm elections in the United States. After the midterm elections, it will be an important watershed in the direction of the Bitcoin price's median trend. Bitcoin spot bottom fishing needs to be carried out in batches, not all at once, as the market is much more complex than we imagine. Dividing time into batches is a wise way to bottom out.
