The current 4H level is currently in a typical bullish exhaustion phase: the moving average group has confirmed a death cross, the MACD death cross is accompanied by volume expansion in the histogram, and short-term momentum is clearly depleted.
While KDJ oversold brings technical rebound demand, historical patterns show that under this death cross + volume expansion background, rebounds are mostly corrective in nature, making it difficult for trending upward movement.
If this level stabilizes, it could rebound to the 72k resistance zone, but upward momentum is limited.
If there is an effectiv
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