BTC pushing $74.5k and shorts wiped out. What’s the play?

Just saw the report that over $593M in bearish bets got liquidated following the news about Iran fully opening the Strait of Hormuz.

Geopolitical tension in the Middle East has been heavily influenced on risk assets lately. Now that the macro situation is cooling down, the panic selling into cash seems to be pausing. This easing of macro fears, combined with that massive short squeeze, is giving BTC some real momentum. If we could have the $74k area into solid support, I'm leaning bullish for the short term. The path of least resistance feels like it's pointing up again.

During the choppy weeks before this pump, I've been running future grid bots on BYDFi to trade the range. It's solid for choppy markets and the execution is fast. Plus, the bot's trading volume actually unlocked a few draws for their 6th-anniversary event. It felt like a bonus cuz I got some coupons to offset the fees.

Where do you guys see BTC going for the rest of year? Do we still think the 4-year cycle will play out by the end of this year?