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Bitcoin rebounds in a V-shape after bottoming at 70,000, with bearish momentum weakening, short-term bulls launching a counterattack, but the larger timeframe remains bearish, strictly operate with stop-loss.
Short-term long positions: enter in batches at 70,800-71,000, stop loss at 70,400, take profit at 72,000.
73,800 is the dividing line between bulls and bears; breaking above it turns into a bullish trend, abandoning shorts, while breaking below 70,400 abandons longs and turns bearish. Also, closely monitor the developments of the US-Iran geopolitical situation. $BTC $ETH