Support at 71.4k, target at 78.2k, optimistic scenario 90,000–100k, if broken then back to 50,000–60k — this script is clear enough, position management is more important than guessing the direction.

BlockBeats reports on May 31st that Bitcoin rebounded from the key support level of approximately $71,400, which is the cost basis for holders of 3–6 months, indicating strong short-term support. If the rebound continues, the target could be up to $78,200, corresponding to the cost basis for holders of 6–12 months. Glassnode points out that since 2017, after breaking through the 3–6 month cost line, the 90-day increase has been about 21.9%, and the 180-day increase about 36.6%. At the current price of approximately $74,000, the targets are around $90,200 and $101,100. The daily chart still shows a bearish flag pattern; if the support line is broken, the price may fall back to $50,000–$60,000.