After easing tensions between the US and Iran, market risk sentiment rebounded sharply, with Bitcoin rallying nearly 4% directly. The most critical signal of this move isn't actually how impressive the gains look, but rather that contract positions are declining significantly—large numbers of short positions are being forced to exit, directly becoming fuel for the bulls to drive prices higher, creating a typical short squeeze scenario.

Seasoned traders understand that this kind of news-driven sharp rally's sustainability depends on whether key resistance levels can hold. The current critical pivot point is crystal clear: 71000.

• If it can effectively hold above 71000, bullish sentiment in the market will intensify further, and there's likely more upside potential in subsequent moves;
• Once it fails to stabilize and break through, the probability of a pullback after the spike becomes very high, and the market will revert to its original rhythm of oscillation, decline, and seeking support.

So don't just focus on immediate gains. At this stage, there's only one key point: can it hold steady above 71000? If it holds, there's upside potential; if not, it's just a false rally. $BTC $ETH #Gate13周年全球庆典