1. The short-term support for BTC is around 72,500. If it doesn't break below this level, it can continue to push higher and squeeze out the bears, so the bears shouldn't be too optimistic;

2. 70,000 can be considered a medium-term watershed;

3. I personally lean towards believing there's still an uptrend that hasn't fully played out. Once it stalls at a certain smaller-level support, I'll prepare to close out my short positions first—there's no momentum left.