bitcoin:native I’ve always felt that 78k is the current support level. Looking back at the market over the past few days, it’s clear that there’s been consistent support around 79k. Institutions aren’t selling, and retail investors are buying, which has kept the price hovering around 79-80k. From the drop on the 5th to the consolidation over the weekend, the market’s strength has been evident. Looking at the 4-hour chart, 83k is currently a key resistance level. If the price stabilizes above 83k, it could open up space for 88k → 95k → 100k. bitcoin:native If 80k keeps getting tested but doesn’t break through, we might see a deeper pullback. If it drops below 77k, the structure of this rebound will clearly weaken, and I see the 72k–75k range as an important mid-term support zone. On September 3, BTC ETF saw a net inflow of about $730.8M in a single day, and on September 4, there was another $174.6M. Institutional buying hasn’t disappeared. Most of the shorts are from people who missed out on this rally and are now shorting. Their ultimate goal is still to buy long positions or spot BTC. The more comfortable entry points would be either after a pullback to confirm support at 77–79k or after BTC truly breaks above 83k and holds that level. Opening high-leverage long positions at the current level doesn’t offer great odds. Bull Market Phase 2 — Scenario A: BTC holds 75–77k → Breaks above $83k → $86k → $90k → $95–100k Scenario B: Continued major consolidation BTC oscillates between 75k–83k. This isn’t necessarily bad, as it would clear out trapped positions in the market. Scenario C: Rebound ends — 20% chance BTC: Breaks below 75k, then 70k → $67k. This scenario is unlikely unless there’s a significant ETF outflow or an interest rate hike.