Basic support logic for bulls (bullish momentum)

There is clear support at $77,800 (30-hour EMA, yesterday’s converging platform) and $77,500 (4-hour EMA, the dividing line between short-term uptrends and downtrends), with significant 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 to $78,000 range represents the institution’s core cost area, indicating strong buying support below.

Long-term institutional funds provide strong support: ETFs continue to have net inflows, and institutions such as MicroStrategy have significantly increased their holdings. The $77,000 to $78,000 range represents the institution’s core cost area, indicating 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 short squeezes still exist and short squeezes can still occur. Due to the large number of short positions at high levels, even if the price stabilizes above $78,000, concentrated short selling pressure may occur, fueling a short-term rebound.

🎯 4. Exact support range (key support level for pullback long positions):
First (basic) support level: $77,800 – $78,000 (main support level on the hourly chart, minimum consolidation range, stability probability of 85%)
Second Support (Strong): $77,500 – $77,600 (4-hour EMA, short-term bullish support; a break above this level indicates trend weakness)
Third (Maximum) Support Level: $77,000 (Daily Support; A breach of this level could lead to a test of $76,500)