The price of Bitcoin has reached 75K, exceeding the original forecast. The weekly chart shows the strongest bullish candle in nearly a year, which needs to be taken seriously. Currently, there are two possibilities: ① A new upward trend begins; ② A pump to hunt short stop-losses followed by a reversal downward. It's too early to draw a conclusion. Previously, we expected a fake breakout near 68K to clear liquidity, followed by consolidation and a pullback to set up short positions. However, the market didn’t follow this script, so no clear short setup has appeared. High-level subjective bets on a reversal are not recommended. Funding rates: Before this rally, there was no significant negative funding rate, which means the typical signal of heavy short accumulation for absorption was missing. Price is rising, but trading volume is decreasing, indicating that this rally is mainly driven by short covering. Once the fuel from short covering is exhausted, if there’s no follow-up buying with increased volume, the price will reverse downward. Chasing longs at the current price is not recommended. Consider setting up long positions near the 72,200 support on a pullback. For now, the main trend is a unilateral upward move. Even if you’re bearish, don’t short unless there’s a very clear bearish setup.