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#Basic support logic for uptrends (rebound momentum)
Crab
📈 1. The daily upward trend continues, with multi-level support: Since the rebound at $74,694, the daily price low has gradually risen, the upward trend line remains intact, and a healthy upward structure is maintained in the medium term.
Crab
📈 1. The daily upward trend continues, with multi-level support: Since the rebound at $74,694, the daily price low has gradually risen, the upward trend line remains intact, and a healthy upward structure is maintained in the medium term.
Strong support is at $77,000 (strong support on the hourly chart, the lower boundary of yesterday’s market consolidation area) and $76,500 (the lower boundary of the Bollinger Band indicator on the four-hour chart, the area where institutional costs are concentrated). A rebound is very likely.
🏦 2. Strong purchasing power supports the institutional cost area: long-term cumulative net inflow of ETFs. The price range of US$76,000 to US$77,000 represents the core cost area of BlackRock, Fidelity and other institutions, resulting in concentrated buying pressure and limited selling pressure.
🏦 Large whales are stable for long-term holdings and have low stock market balances, indicating a scarcity of trading stocks. The current pullback may simply be a market clearing rather than a trend reversal.
⚖️3. The downward momentum is weakening and the callback demand is strong: After two consecutive days of decline, the short-term RSI is close to the oversold level, indicating that the downward momentum is weak and there is the possibility of a technical rebound.
🎯 4. Precise support range (basic buying opportunity during pullback)
First support (basic): $77,000-$77,200 (strong support on the hourly chart, minimum consolidation range, 85% stability probability)
Second support level (strong): $76,500 – $76,800 (4-hour Bollinger Band below, institutional cost zone; above this level will deepen the decline)
Third (Maximum) Support Level: $76,000 (Strong support on the daily chart; a break above this level could lead to a test of $75,000)