《Three-in-One Trading System｜BTC Evening Market Commentary》 --- Price is highly likely to continue rising to around 82K. Be cautious with short positions❗️ (1) On-chain data and capital structure: Last week, U.S. spot Bitcoin ETFs saw a net inflow of approximately $1.9 billion, marking five consecutive days of inflows. The Coinbase premium index turned positive for the first time in 97 days, indicating improving demand for U.S. spot markets. However, about 53,000 BTC flowed into exchanges over the past three days, primarily from short-term holders taking profits, which is accumulating selling pressure. The sell orders on the order book aren't particularly large. Now, all eyes are on Monday's U.S. stock market opening and the fund movements of ETF institutions. If they continue buying, the price will keep climbing. (2) Long vs. short momentum: Recent long momentum has shown secondary strength. Although weekend trading volume shrank, short momentum remains weak, with shorts failing to mount a strong counterattack and staying on the defensive. In the short term, bulls are still dominating the market. With Tuesday's upcoming news as a potential catalyst, BTC price is highly likely to continue rising to around 82,000, where it may consolidate and build momentum. If Tuesday's news turns out to be bearish, the price might hover around 82,000 for a while before pulling back. In the short term, be cautious with short positions. The risk-reward ratio for chasing highs is just so-so.