Three dimensional integrated trading system | BTC market analysis (3/3): structural form and core judgment -----The short-term direction has changed upwards, but it has been hit back to its original form! Shaking makes people confused! Structural form: A daily chart with a long upper shadow and a negative K, with a short-term bearish trend. Yesterday, a bearish candlestick with a long upper shadow was observed, with a peak of 87300 and closing around 84600. This is a typical bearish signal, where the buyer pushes up and is then pushed back by the seller. The current price is struggling around here. The support below 82500 has been tested three times and is a short-term critical defense line. Looking further down, there is intermediate support for 81K, and the 50 day moving average is around 78300. The resistance above is 88K, but it has failed to break through multiple times. Xiaolong's core judgment: 85000 has been lost, and the long-term shadow of K has been confirmed to be short in the short term. Even if the non-agricultural benefits are good, they cannot be pulled up, indicating that the bulls are not strong enough. The chips of medium-sized giant whales and super giant whales are being transferred. The flow of ETF funds has been fluctuating and has not formed a sustained unilateral direction. Since the BTC price has been repeatedly suppressed by super whales at 88K, and market entities have not formed a joint force, the market always moves towards the direction of least resistance. I predict that Bitcoin is likely to choose a volatile downward correction in the future. In the short to medium term, the direction is downward, and 82500 is the next key testing point. If 82500 cannot hold on, 80K-81K is a deeper callback target. However, this period of oscillation and decline may be very long, and there is no obvious bearish trend in the short term, only the expectation of a rate hike in December. However, in the medium to long term, the sustained accumulation and increase in holdings by medium-sized ETF institutions such as Whale and BlackRock are structural positive signals, and the pullback is a healthy adjustment in a bull market, not a return to a bear market. I still say the same thing: every pullback is an opportunity to buy, and around 80K is the maximum downward adjustment target price for this bull market pullback. The blue circle CZ 'Dip in the picture is waiting patiently, looking through the autumn water. Let's accompany it and wait together!