$BTC From the current 4-hour level perspective, the price overall shows a fluctuating and slightly retracing running pattern. Although there has been a certain rebound during the session, the rebound momentum has significantly weakened, and the upward movement is not as strong as the previous downward pressure, resulting in the K-line mostly presenting a fragmented upward shape. The Bollinger Bands are converging, indicating a decrease in short-term volatility; the MACD fast and slow lines are positioned above the zero axis, and the DIF has crossed below the DEA to form a dead cross, with the red volume bars continuously expanding, indicating that the market is still in a retracement phase in the short term. The current rebound is more of a technical correction and consolidation after a price drop, and the overall trend has not yet reversed.