Looking at the 4H structure, BTC completed a quick dip near $58,000 and has since formed a standard V-shaped recovery. The lows are steadily rising, and the upward trendline remains intact, indicating that there is still buying support at lower levels. The panic selling pressure from earlier has largely been released. OKX However, the $64,500-$67,300 range remains the most significant area of concentrated trading in this rebound. It’s also where both trapped positions and profit-taking positions from the previous cycle coexist, so breaking through this level in the short term will face considerable resistance. On one hand, U.S. tech stocks remain strong, and market risk appetite hasn’t cooled significantly. On the other hand, the U.S. is advancing its regulatory framework for stablecoins and digital assets, signaling that the industry is gradually moving toward compliance. For long-term capital, the reduction of policy uncertainty is more valuable than any single piece of good news. This is also the key backdrop for the continued inflow of ETF funds recently. However, it’s important to note that policy determines long-term valuation, while liquidity drives short-term prices. If the Nasdaq continues to strengthen this week, BTC could leverage the capital resonance to challenge the $67,300 resistance. If U.S. stocks pull back from their highs, BTC will likely oscillate between the $63,500-$65,000 range, using consolidation to absorb selling pressure before deciding on the next direction. I think this week is more likely to be 'strongly oscillating' rather than a unilateral rally. The real focus is whether BTC can break above $67,300 with strong volume.