BTC surged to 72.5k due to the 2-week ceasefire between the U.S. and Iran, breaking through short positions. Many shorts ended up fueling this rally. The price started climbing at 6 AM, giving no time for bears to react. BTC is currently at 71.2k. Bulls took profit around 72k, and now there's a slight pullback. I think the bullish sentiment isn't over yet. At least for the next two weeks, the focus will likely remain on buying the dips. Key level to watch is around 70.5k—if it doesn't break below, it's still a buy. We could see it reach at least 74k.