Basic support logic for bulls (bullish momentum)

1. The daily upward trend has been completed, with multiple support levels: Since the rebound at $74,694, the daily price lows have gradually risen, the highs have continued to rise, and the upward trend line remains intact.

There is clear support at $77,800 (30-hour MA, yesterday’s accumulation line) and $77,500 (4-hour MA, the dividing line between short-term uptrends and downtrends), with high potential for stabilization after any pullback.

2. Long-term institutional funds provide strong support: ETFs continue to see net inflows, and institutions such as MicroStrategy have significantly increased their holdings. The $77,000-$78,000 price range represents core cost territory for institutions, suggesting strong buying support below.

Large whales maintain stable long-term holdings while the market balance is bottoming out, highlighting the scarcity of traded stocks and creating a long-term supply and demand imbalance that favors the bulls. 3. The effects of the short squeeze still exist, and similar squeezes may still occur. Due to the large number of short positions at the high level, even if the price stabilizes above $78,000, there may be concentrated selling pressure, fueling a short-term rebound.
…4. Exact support range (key support level for pullback long positions):

First support (basic): US$77,800-US$78,000 (main support in hourly chart, lower limit of fluctuation range, stability probability 85%)

Second Support (Strong): $77,500 – $77,600 (4-hour EMA, short-term bullish support; a break above this level signals trend weakness)

Third (Maximum) Support Level: $77,000 (Daily Support; A breach of this level could lead to a test of $76,500)