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Currently, Woo estimates Bitcoin's floor support at around $38,600—a significant rise from previous levels. He states that this support continues to climb gradually, reinforcing his view that major technical support zones—particularly the previous highs around $40,000–$42,000—are robust and unlikely to be broken absent exceptional events.
He highlights that the latest peak at $42,000 was consistent with these support levels, and the recent 33% correction aligns with typical retracements within recent bull markets. Woo emphasizes that the market is floating well above its fundamental support, indicating a strong bullish bias, reinforced by increasing retail adoption.