Continuing from the chip structure perspective, the short-term points

When Bitcoin surged this time, it actually left behind a few unclean chip pits, like 73296 and 72891, which have already been conveniently filled by the market. Now the price has reached around 71500, essentially entering a larger accumulation zone, which is where the main players originally focused on buying.
According to the usual pattern, it’s unlikely to hit the target and then leave; more likely, it will probe downward again, sweeping through the lower edge at 71200, and thoroughly handling the necessary shakeouts and re-distributions.
The current market situation is quite clear: the main bullish forces above have basically finished, but no obvious large-scale institutional continuation is seen below, so the price naturally tends to slide downward, seeking support and a new chip balance zone.
Therefore, this wave is more like returning below 71500 to reorganize the structure; there’s a decent chance that 71200 will be pierced, but that doesn’t mean a collapse is imminent—more likely, it will be a consolidation phase.
The overall trend is temporarily fine; the value center remains stable, but in the short term, without a main force guiding the rhythm, it can only fluctuate around 71700-71200, waiting for the next wave of capital to give direction.