1, The short-term support for Bitcoin is around 72500. If it doesn't break below this level, it can continue to push higher and liquidate shorts, so bears still shouldn't be too optimistic;

2, 70000 can be considered as a medium-term watershed level;
3, I personally lean toward believing there's still an uptrend that hasn't completed. I'll prepare to close out my short positions first once price drops to a certain small-level support and shows consolidation—it's running out of momentum.$BTC