Three dimensional integrated trading system | BTC market analysis (3/3): structural form and core judgment Structural form: 80K-84.5K is a short-term box oscillation structure. The lower boundary of the box, 80K, was not breached, and the bulls fiercely defended the lifeline. The resistance above is between 84K-84.5K. Xiaolong's core judgment: PPI hit the market unexpectedly, but 80K was quickly recovered. Whales are accumulating, and exchange reserves are decreasing. 80K is the lifeline of this cycle. If you hold it, it will fluctuate and accumulate momentum. If you fall below it, look at 77K. The volatile market is not suitable for chasing short and long positions. The best way is to connect the lower boundary of the box structure with long positions and the upper boundary with short positions. This narrow range volatile market will continue until around November 3rd. Unless there is a major bearish or black swan event, it is not easy for the price of Bitcoin to fall deeply, as both whales and long-term holders are buying and accumulating BTC, and the decrease in BTC reserves on the exchange is a solid evidence. The bull market has already started, there is no doubt about it, but it still needs to be observed for the next one or two months to determine which price the bull market will return to, 77K or 70K.