Bitcoin's rally yesterday indeed exceeded expectations, but after the positive news was realized, it failed to break through effectively and remained above 70,000.

This wave of market movement is essentially a corrective rebound from the previous decline, not a trend reversal.

The positive news was already priced in, yet the price couldn't move up, indicating that the bullish momentum is weakening; the failure to break through key resistance levels also reflects persistent selling pressure above.
Overall, after this rebound, there is still a need for a pullback, and the next move is likely to be a sideways correction.

In terms of trading strategy, it is recommended not to chase highs; instead, adopting a strategy of shorting at higher levels would be more prudent.