Bitcoin's price has stabilized and rebounded from the low around 65500, breaking through the previous consolidation range and holding firmly above the 70000 middle band of the Bollinger Bands. The bullish trend is clear as it challenges previous resistance levels. The former resistance has now transformed into a strong support level; if price pulls back to this level without breaking, the rebound trend will continue. Currently, price is clinging to the upper band near 71400, which is a key short-term resistance level, forming double resistance with the recent high near 72000.

From a short-term perspective, Bitcoin is in a strong bullish rebound trend but is already nearing previous resistance levels, making it unsuitable for blindly chasing long positions. The optimal strategy is to wait for a pullback to around 70800 and enter long with a light position, or wait for the rebound to above 72000 before going short.

Recommendation: Go long near 71300, target 72800, stop loss near 73100.