I. Market Technical Structure

1. Trend Channel (orange diagonal lines)
The two orange lines in the chart form a 4-hour ascending channel. In the early stage, the price action keeps rising by leaning on the channel. After the price spikes up to the region near the channel upper band, momentum weakens, forming a head-and-shoulders top pattern (left shoulder - head - right shoulder) (the right shoulder awaits confirmation). Bullish momentum weakens, and a pullback under pressure appears.
2. Bullish FVG (green blocks)
FVG refers to a fair value gap. It is a market liquidity gap and represents an imbalance area left behind during the upward move. During pullbacks, it is likely to receive support, making it a potential bullish continuation/consolidation area.
3. Currently, the 4-hour timeframe is in a triangle convergence pattern, and the market is about to choose a direction.

White arrow market scenario analysis
Draw two possible scenario paths:
Optimistic path: After holding the key support, make another push upward to challenge the prior high, with a view toward even higher levels later on;
Pessimistic path: If support breaks, the price will probe further downward.

II. Core Key Price Levels (core text inside the chart)
✅ Resistance zone
Short-term resistance: 1950
Medium-term strong resistance: 2000 (near the prior high)
✅ Support zone (market “watershed”)
Secondary support: 1880-1810
Most important medium-term line of defense: 1850

Core logic:
If price holds above 1850 → the bullish structure remains intact, upside room opens up, and the long-term target may be viewed toward 2500;
If price effectively breaks below 1850 → the bullish structure is damaged, and the market continues to probe lower.

Friends holding positions near 1975 don’t need to worry. Short-term range-bound consolidation is just a pause in the trend.
In structural battles, patience matters more than frequent trading. Keep to your established risk controls, wait for the chart to choose a direction, and let support/resistance zones provide clear confirmation signals—your PnL is up to time and structure.