After we suggested that BTC would start a pullback from 82,300, as of September 16th, this pullback has been running for 11 days. On September 14th, we provided the first pullback target range of 74,900–75,100, and subsequently, BTC dropped to 74,968. Since hitting 74,968, BTC has already risen by 3,600 points. If it can hold above 77,850, the upward momentum remains intact, with the next resistance level at 78,777. Currently, viewing the pullback from 82,300 to 74,968 as a correction to the entire rise from 57,800 to 82,300 feels a bit forced, mainly because the duration is too short and the pullback magnitude is quite limited. However, if BTC continues to show strength, such as breaking above 80,000 and holding steady, we’ll need to reassess the possibility that the pullback has ended. Until then, we’ll treat this as a strong rebound. Historically, there has been one instance where a daily-level Gann low point appeared three weekly candles earlier, on January 23, 2024, during a bull market for BTC. On September 18, 2025, we mentioned that the decline starting from 126,200 would end in the third or fourth quarter of 2026, followed by an upswing of the same magnitude as the rise from 15,400 to 126,200. Therefore, since late June to early July this year, I’ve consistently maintained a bullish outlook on the larger scale. The only question now is where the next upward movement will begin.