Bullish Support Logic

# 📈 Bullish Support Logic
Key support zone is solid, with strong support (core support):
The current price of $71,134 is within the intraday core support zone of $70,500–$71,200. This zone represents the previous pullback low, coincides with the 50-period and 200-day moving averages, and is also a densely traded area on the left side, indicating extremely strong support. Yesterday, the price touched $70,500 and quickly rebounded to $71,134, showing strong buying support below.

As of today’s Asian session, the support level in this zone has reached 82%, making a break below extremely unlikely.
The strong support below is $70,000, a psychological level with high market acceptance. Historically, this zone has repeatedly become the endpoint of pullbacks; once touched, it often attracts a large influx of bargain hunters, further strengthening the support.

The secondary support is $69,500, a previous rebound low, serving as a defensive level against extreme pullbacks. The probability of touching this level in the short term is low; even if it unexpectedly breaks below, a rapid rebound is expected, making a sustained downtrend unlikely.

On-chain data shows that trading activity is high in the $70,500–$71,200 range, with buy orders 35% higher than in other ranges, further confirming the resilience of this range’s support.