Analysis: BTC broke through the local high of $71,500, but significant divergence exists in the market outlook. Analysts warn that short sellers may be entering the market.

Bitcoin surged approximately 4.5% in a single day, breaking through a local high of $71,500. Despite ongoing geopolitical tensions in the Middle East and volatility in global oil prices, Asian and US stocks performed steadily, with the S&P 500 and Nasdaq Composite rising by about 0.5%. However, analysts' opinions seem to be divided: 1. Trader Jelle stated on X: "The market is about to show its next direction. If it reclaims the resistance level, the bulls have a short-term advantage; if it encounters rejection, a divergence + bearish retest could make $60,000 the next target." 2. Analyst Michaël van de Poppe pointed out that Bitcoin, driven by the "strong rebound" in Nasdaq, may rise further: "The dip triggered by the sudden surge in oil prices has been digested, and the market is now recovering. With the decline in Middle East uncertainty, Bitcoin and altcoins are expected to see more upside potential." 3. CryptoReviewing, co-founder of the anonymous trading community Wealth Capital, believes that $68,000 is a key level to watch, stating that this is where the largest single liquidation cluster is located, and a sweeping sell-off could occur. 4. Independent analyst Filbfilb stated in a YouTube video that Bitcoin lacks sufficient momentum to recover this moving average support, and expects short sellers to enter near the 50-day moving average. (Cointelegraph)