The current VIC market is at a critical point of confrontation between bulls and bears, displaying complex characteristics.

On the selling pressure side, the range of 0.1818-0.1822 has become a new resistance area, with an increase in the concentration of sell orders. The buying structure has also changed, with support at the price level of 0.1800 consisting of buy orders amounting to 730,000 USDT, while new concentrated buy orders have appeared at 0.1805.

It is worth noting that the apparent +0.14% buying advantage may not be reliable. The three "large orders" that appeared during the early hours are suspected to be wash trading by the same principal, and this operation may aim to create a false trading frenzy.

In terms of news, there are both positive and negative aspects. The collaboration between Chainlink and the VIC lending protocol has been confirmed, which is undoubtedly a positive signal. At the same time, the negative news regarding Upbit transferring 82 million VIC has also been clarified; this batch of funds is actually the reserve capital for market makers.

From a technical perspective, the current market structure is similar to last month's sideways phase. It is worth noting that on the 5th day of the sideways movement at 22:00 (which happens to be the Fibonacci 13-hour node), there was a sharp fluctuation of 15%.

Currently, the market is in a critical time window. Around 21:00 today (corresponding to the 89th 1-hour candlestick of the consolidation period) may be an important turning point. In terms of trading volume, the trading volume during the early morning period shrank to 62% of the weekly average, which is often a sign of a volatile market ahead.

On-chain data shows that there are 3 large addresses accumulating in the range of 0.1803-0.1807, which may indicate the direction of institutional funds.

Traders need to pay close attention to the following key price levels:
1. If the price can effectively break through 0.1818 and does not break on the pullback, it may further attack up to 0.1845.
2. If the price falls below the support level of 0.1803, it may trigger programmatic selling, causing the price to drop to 0.1778.

Overall, the VIC market is in a delicate balance, and any breakout in either direction could trigger significant price volatility. Investors should remain vigilant, closely monitor market trends, and manage risks appropriately.