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"Three-Dimensional Trading System | Latest BTC Market Observation and Analysis" ---- Can the expected bottom at 80K still come? I have been monitoring Bitcoin's price trend because this correction is just a healthy pullback and an opportunity to enter the bull market launch. After the U.S. stock market opened, ETF institutions started buying BTC again. Today, the price dropped to a low near 82,800, reaching the strong support level around 83K below, leaving little room to the expected target price of 80K. The price around 84,000 is currently stuck, with weak bullish volume and large whales watching... First, 84K-84.5K is the cost concentration zone for long-term holders. Glassnode data shows that a large supply cost for long-term holders is concentrated in the 84K-84.5K USD range. This is not just a random number but a real on-chain chip concentration zone. As long as the price can stay above this range, there is natural support below. Second, ETF institutions are still flowing in. Although the price fell from 87K to 82.8K, the U.S. spot Bitcoin ETF has still seen net inflows for five consecutive days, with $347 million inflow on September 23 alone, totaling about $2.65 billion over five days. This indicates institutions are not panicking and are still buying, continuing to buy now. Furthermore, bullish leveraged funds have already been cleared in a round. Open interest for BTC contracts on Hyperliquid has dropped by 20.77%, and funding rates have cooled down accordingly. This means the previously leveraged long positions chasing highs have been liquidated.