1, The short-term support for Bitcoin is around 72500. If this level is not broken, it can continue to push higher and liquidate bears, so bears should not be too optimistic;

2, 70000 can be considered as a medium-term watershed level;

3, Personally, I believe there is still an uptrend that hasn't completed. When it pulls back to a certain lower-level support and shows signs of stalling, I'll be ready to close out short positions first, as they lack momentum.