From the chart perspective, after the price decline, it entered a narrow range consolidation and repair phase. K-lines continue to form small bearish and bullish candles, with volatility continuously narrowing. The rebound momentum is severely insufficient, and every slight uptick is followed by pressure and a pullback, showing clear weakness. The 1-hour cycle's oscillation range has further compressed, with prices repeatedly contesting around the $60,000 level in the short term. Bulls and bears are temporarily balanced, but the bulls lack sustained counterattack strength. This repair is merely a technical rebound and not a trend reversal signal.