BTC at the 4-hour level is still in an oversold rebound phase within a bearish trend. The current price is around 64,000, below the EMA10, EMA20, and the Bollinger Band middle line, indicating the market has not yet completed trend repair. Although there is a short-term need for a rebound, it is currently more like weak consolidation after a drop rather than a clear trend reversal.

RSI6 is 24.86, RSI12 is 33.54, and RSI24 is 41.16. The short cycle has already entered the oversold zone, while the mid cycle remains weak. This combination usually suggests there is a technical rebound opportunity, but if capital continues to flow out, RSI can remain dulled at low levels.