Currently, Bitcoin will complete its directional choice within the 70,500-72,500 range. If it holds support around 70,500 and breaks through to firmly establish above 72,500, the squeeze-up momentum will continue, targeting the 60-day moving average at the daily level, which is currently around 77,000. However, if it fails to hold 72,500 and forms a bottom at this level, the market shows weakness and will enter a deep pullback, progressively testing key support levels at 69,000 and potentially dropping to around 65,900 in one move.