Sometimes it is difficult to know if the support is real or not. Surely in bitcoin, and probably other kinds of investments, the trend is your friend, yet frequently it is difficult to know when the trend is going to reverse.
Another thing is that truly it is logical to have various stopping (or pausing) points, even when the BTC price is shooting upwardly, so if we think about the matter of going from $69k to $100k-ish in less than a month, then surely there could be some rationale for a bit of a pause around here, yet at the same time, I also get the sense that too many newbies and weak hands sold too many of their coins too soon around these $100k prices, and so it is going to be more painful for them if the BTC price shoots up to $115k to $130k rather than correcting, and so in that sense, there likely are decently large incentives for whales to punish so many of the weak hands who sold too many of their coins and to push the BTC price up rather than giving any of them to realize their dreams about buying back cheaper, and also their failures and refusals to adequately appreciate what bitcoin is.
The painful aspect is bound to happen soon if trully we will have another bull in 2025 , at first hitting that 100k speculation price should have brought a lot of price correction but the 100k didn't hit instantly and that created alot of panic for some Newbies and short term traders to sell their bitcoin thinking the bear market is happening already some even sold in loss( i think i heard that news) ... but we had a massive pump just in one night to breach 100k+ which means we could top 150k soon while those that sold keep hoping to buy cheap.. Thus, if we are to look at that 10k dump and pump recently, it's more like a punishment to those trying to catch the pump at 100k and I believe most of them will have sold @94k again thinking the bear season has started(due to the sharp drop), this is how far Bitcoin can stay unpredictable.
I've been tracing the support from 80k and it seem to be following the trend but there're so many fake out along the trend , some are very long to the extent of believing a massive break of support is already happening only to see it bounce back rapidly lol.
Hence, on a second thought, I think we might be experiencing correction already along with the pumps so I'm thinking when the Major correction comes it might not dip too much as we might be expecting (just saying..)