In the live broadcast of Fuxi Community, the market is sharpening at a high level. Where should we look towards when the adjustment ends?

Click on the link to enter the meeting: https://meeting.tencent.com/p/9309732027 Bitcoin is currently in a high-level box oscillation pattern, with the daily K-line maintaining a mid to upper range operation and the price center gradually shifting upwards. Since May 5th, Bitcoin has experienced an upward push from the low point of $77000 to the 80000 mark. Although there have been multiple instances of "false drops" in the middle, and even a retest of $79000 at one point, the bottom rise has been extremely firm - a typical signal of consolidation rather than trend decline. The first resistance is located in the range of 81600-82000 US dollars, which is the top and front high-density trading area of the recent volatile platform. The stronger resistance is located at the $84000 line. The key psychological support is located at the integer level of $80000, which has been the boundary line repeatedly contested by long and short positions for the past six weeks. Deeper defensive positions extend to the $78800-79000 area. The 4-hour Bollinger Bands at around $79500 form dynamic support, and as long as this level is not broken, the bullish trend structure at the daily level remains intact. When Ethereum's early rebound touched the $2380-2400 range, it formed a clear combination of inverted K-lines - a meteor line with an upper shadow at the top, followed by a continuous bearish dip, forming a standard swallowing reversal structure, and establishing a short-term top. The first pressure level is in the $2285-2310 region, which gathers the joint suppression of MA7 and the track in the channel. The second resistance is located in the $2340-2380 range, where the 100 day EMA and Fibonacci retracement level of 38.2% is located. The 200 day EMA near $2574 above constitutes a chasm between bull and bear. The first support is the integer level of $2250, which is a short-term watershed in the recent long short competition. The second support of $2200 is the lower support area of the 4-hour downtrend channel. Once it effectively falls below, it will accelerate and open up downward space towards the $2150 or even $2100 area. Tencent Meeting Number: 930 973 2027 Join the Fuxi Community and enjoy a variety of service offerings 1. Daily morning market analysis to confirm the direction of intraday trading. 2. Join the member group to enjoy live streaming with orders in the evening; Fixed weekly technical course content. 3. Answer market and order evasion questions at any time within the group, and develop solutions to resolve them. 4. "Price Behavior Trading", "Breakthrough ABC Trading Law", "Four Line Battle Method" 5. Combining candlesticks with indicators for multi period resonant trading. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.