On the macro level, the US Nasdaq and S&P continue to reach new highs, and off exchange funds have a strong risk appetite. This abundant liquidity is being transmitted to the cryptocurrency market, and the overall environment does not support a deep pullback. The structure of the chips on the chain is extremely clear, and the reserve of Bitcoin on the exchange has dropped to the lowest level in seven years. During the period of volatility, the giant whale institution continued to lock up spot positions, and there was no large-scale selling pressure on the market. This week's volatility is purely due to the main force cleaning up floating profit chips and high leverage. The cleaner they wash, the stronger they pull, and if they can't fall, they can only go up. The main tone of this week's market is to accumulate strength at high levels and attempt to break through. The core resistance level above is in the range of 81500 to 82000, and the strong support intensive area below is in the range of 77000 to 78000. The subsequent market trend depends on whether it can break through the key range next. If it breaks through, the market will continue, and if it falls below, it will enter the adjustment stage again!