Core Support Logic for the Bulls (Upward Momentum)Bitcoin / U.S. dollarBITSTAMP:BTCUSDTheodoreHall# Core Support Logic for the Bulls (Upward Momentum) 📊 1. Complete Daily Bullish Trend with Layered Support: Since the rebound from $74,694, daily lows have gradually risen, and highs have continued to move upward, with the upward trend line remaining intact. Clear support levels exist at $77,800 (hourly EMA30, yesterday's consolidation platform) and $77,500 (4-hour mid-band, short-term bullish/bearish dividing line), with a high probability of stabilization after a pullback. 🏦 2. Long-Term Institutional Funds Provide Solid Bottom: ETFs have seen continuous net inflows, and institutions like MicroStrategy have significantly increased their holdings. $77,000-$78,000 represents the core cost zone for institutions, indicating strong buying support below. Large whales maintain stable long-term holdings, and exchange balances are at new lows, highlighting the scarcity of circulating shares and creating a long-term supply-demand imbalance favorable for the bulls. ⚡ 3. The afterglow of the short squeeze lingers, and a short squeeze is still possible. With dense short positions at high levels, even after the price stabilizes above $78,000, a concentrated short squeeze could still be triggered, fueling a short-term upward move. 🎯 4. Precise support range (key support levels for long positions on pullbacks): First support (core): $77,800-$78,000 (key hourly support, lower edge of the consolidation range, 85% probability of stabilization) Second support (strong): $77,500-$77,600 (4-hour moving average, short-term bullish support level; a break below this level would indicate a weakening trend) Third support (extreme): $77,000 (daily support; a break below this level would likely lead to a test of $76,500)