Rapid rise and fall, liquidation washout, today’s consolidation to bottom, mainly low longs, no chasing shorts

Rising to 73,450 encountering strong resistance, profit-taking and high leverage long positions concentrated in liquidation, quickly dropping to around 71,000, with over 300 million USD in liquidations in 24 hours, longs make up the majority, short-term selling pressure released in bulk
Support is dense at 71,000-71,200, institutions are accumulating, the end of the session stabilizes and rebounds back to 71,500, establishing 71,000 as a short-term bullish defense line
Current price 71,400-71,600, light long positions, stop loss at 70,700, take profit at 72,200→73,000
Rebound 72,400-72,600, light short positions, stop loss at 73,100, take profit at 71,500→70,800
Strictly prohibit chasing shorts, holding long positions, or heavy positions below 71,500
Last night’s washout completed, 71,500 is a low-long opportunity, defend 71,000 to watch for a rebound, break below 70,800 then switch to short $BTC