Bitcoin price has stabilized and rebounded from the low near 65500, breaking through the previous consolidation range and firmly holding above the 70000 middle band of the Bollinger Bands. The bullish trend is clear, currently challenging the previous high resistance level. It has now transformed from a resistance level into strong support, with price pullbacks at this level unlikely to break it, allowing the rebound trend to continue. Current price is closely hugging the upper band near 71400, which is a key short-term resistance level, forming double resistance with the recent high near 72000.

From a short-term perspective, Bitcoin is in a strong bullish rebound trend, but it's approaching the previous high resistance level, making it unsuitable for chasing longs blindly. The optimal strategy is to wait for a pullback to around 70800 and enter longs with a light position, or wait for the rebound to above 72000 and then open shorts.

Recommendation: Go long near 71300 targeting 72800, with stop loss around 73100.