📈 **Support areas are strong and corrections have proven their power:**
The strong support level is at **73,000 – 73,500 US dollars** (the previous strong resistance area turned into a strong support level after breaking through, which also corresponds to the upper edge of the previous consolidation platform. The support level exceeds 85%, and the possibility of falling below is very small);

Minor support is located at the **$72,500** level (the 30-day moving average, which is also the previous retracement high, is a defensive level against a severe correction, and is unlikely to be reached in the short term).

Take a look at recent price action:
After breaking through the $73,500 level, the price quickly rebounded to around $73,200 after a correction;

After breaking above the $74,000 level, the price corrected to around $73,800 before stabilizing again.

This indicates strong buying support and effective pullback support.

This provides a solid base for an upward rebound and provides a sufficient margin of safety from today’s price declines.

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