The current 4H level is in a typical bull exhaustion phase: the moving average crossover has confirmed a death cross, and the MACD has also formed a death cross accompanied by increased volume in the histogram, indicating that short-term momentum is clearly exhausted.

Although the oversold condition of the KDJ indicator suggests a technical rebound demand, historical patterns show that under this death cross and volume expansion scenario, rebounds are mainly corrective and unlikely to develop into a sustained upward trend.
If the price stabilizes at this level, a rebound toward the 72k resistance zone is possible, but the upward momentum is limited.
If the 69k level is effectively broken, it will open up further downside space, with 68k under pressure. By the end of the week, a one-sided rally 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 capital, such as continuous large net inflows into ETF ( or an unexpectedly dovish pivot by the Federal Reserve, the current structure does not support breaking the previous high; range-bound consolidation with a bearish bias is more likely.