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Home / Analysis / Forex Analysis / The support zone is solid, and pullbacks have proven strong

The support zone is solid, and pullbacks have proven strong

📈 **The support zone is solid, and pullbacks have proven strong:**
Strong support lies at **$73,000–$73,500** (a previous strong resistance zone, now transformed into strong support after a breakout, also corresponding to the upper edge of the previous consolidation platform, with over 85% support, making a break below extremely unlikely);
secondary support is at **$72,500** (the 30-day EMA, also a previous rebound high, serving as a defensive level against extreme pullbacks, with a low probability of being touched in the short term).

Looking at recent price action:
After breaking through $73,500, the price quickly rebounded after a pullback to around $73,200;
after breaking through $74,000, it stabilized again after a pullback to around $73,800,
indicating strong buying support and effective pullback support.

This provides a solid foundation for the bullish rebound and a sufficient safety margin for buying on dips today.

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