Anyone crowing about a new bull run before 70K proves itself is either emotionally invested or being used as liquidity by bigger players. The dip to ~63K was bought to defend a floor, not to declare a new cycle. The real choke point is $95K, that’s where profit‑taking will likely trigger a violent reversal back toward the mid‑70Ks.
Trade the reality, not the narrative: buy the 60Ks, sell the 90Ks. If you’re long above 70K without a clear follow‑through, you’re gambling on hope, and hope is how smart money gets paid.