The market is currently hovering around $69K, showing a narrow range oscillation pattern on the 4-hour chart after an oversold rebound. The market structure can be divided into three amplitude zones: Extreme panic support level: $59,930 Mid-term wide recovery range: $64,000-$72,000 Current core operating range: $66,000-$71,000, with the oscillation center at $68,500. From a technical perspective, the KDJ indicator's three lines have entered the overbought zone, indicating significant short-term pullback pressure. The MACD has formed a golden cross, with the histogram turning positive, showing some recovery in bullish momentum. However, the DEA line remains below the zero axis, suggesting the mid-term trend has not fully reversed, and the rebound lacks sufficient volume, raising doubts about its sustainability. In the coming week, the market is likely to continue oscillating within the range, with a chance to test upward. In terms of strategy, be cautious of pullback risks due to overbought conditions and strictly adhere to the range boundaries when executing trades.