Bitcoin rapidly surged from $67,300 to break through $71,000, driven by geopolitical easing, short squeeze, and technical correction resonance. The situation in the Middle East has cooled down, expectations for rate cuts have increased, and combined with concentrated liquidation of short positions, this has propelled a pulse-like rally. However, spot trading volume is insufficient, and resistance around $72,000 is evident. After the spike, the price quickly retreated, indicating an oversold rebound rather than a trend reversal. In the short term, it is highly likely to fluctuate within the $69,000–$72,000 range.