The basic support logic of bulls (rebound kinetic energy)

📈 1. The mid-term uptrend is complete and there are key multi-level support levels
Since the March low of $65,403, daily price lows have been gradually rising and the ascending trend line remains connected, indicating a strong bullish structure in the medium term.

Clear support is seen at $75,800 (strong hourly support, lower end of the consolidation range) and $75,500 (lower four-hourly moving average, institutional support), suggesting considerable potential for stability and rebound.

🏦2. Dual support from institutions and major investors, strong purchasing power
ETFs have accumulated long-term net inflows, and the price range of US$75,500-76,000 represents the core cost area of ​​institutional holdings, resulting in greater buying pressure below it.

ETFs have accumulated long-term net inflows, and the price range of US$75,500-76,000 represents the core cost area of ​​institutional holdings, resulting in greater buying pressure below it.

Long-term whale holdings are characterized by stability, low trading balances, and scarce trading inventory, resulting in limited selling pressure in the spot market and strong rebound momentum after hitting the bottom.

⚖️3. The downward kinetic energy is exhausted and the demand for bottoming out is strong.

After a sustained correction, the short-term RSI is close to oversold levels and the MACD range is shrinking, indicating that the downward momentum has been basically exhausted. A technical rebound is expected after hitting bottom.

🎯 4. Precise support range (basic buying opportunity during pullback)
First support (basic): $75,800-$76,000 (strong support on the hourly chart, minimum consolidation range, stability probability of 90%)
Second support (strong): $75,500 – $75,700 (the 4-hour Bollinger Band is below the track, institutional support; breaking this level indicates a failure to bottom out)
Third (Maximum) Support Level: $75,000 (Strong support on the daily chart; a break above this level suggests a possible drop to $74,500)