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Bitcoin's current price is around 72,700, above the middle band of the Bollinger Bands, indicating a generally bullish market trend.
The price is supported above the middle band, with multiple tests failing to break below it, showing that the bulls still dominate the market rhythm. From a trend perspective, the short-term upward trend remains healthy, with moving averages and the Bollinger Bands' middle band support still effective during the pullback, representing a normal consolidation phase in the upward movement.
It is recommended to go long around 71,500 and 71,000, with the first target at 74,000 and a breakout target of 77,000.