The current 4H level is in a typical bull exhaustion phase: moving averages have confirmed a death cross, MACD has a death cross accompanied by increased volume, and short-term momentum is clearly depleted. Although the KDJ oversold condition brings a technical rebound demand, historical patterns show that under such death cross + volume increase scenarios, rebounds are mostly corrective in nature and unlikely to lead to a sustained uptrend. OKX If this level stabilizes, it could rebound to the 72k resistance zone, but upward momentum is limited. If it breaks below 69k effectively, it will open up further downside potential, with 68k as resistance. A significant unilateral surge by the end of the week is unlikely, and the probability of breaking the previous high of 73k in the short term is low. Unless there is a significant influx of new funds (e.g., continuous large net inflows from ETFs) or an unexpectedly dovish shift from the Federal Reserve, the current structure does not support breaking the previous high. The probability favors range-bound movement with a bearish bias.