Trader Killa argues that Bitcoin's current price action contradicts widespread expectations of a deep pullback similar to 2023. Unlike the 2023 rejection at $25,000 where BTC failed to close above key levels, Bitcoin has now printed a higher weekly high and is oscillating above previous resistance, indicating a fundamental shift in market structure. Applying diminishing returns logic to this cycle's 54% maximum drawdown versus the prior cycle's 77%, Killa estimates any correction may be limited to 10%-15%, potentially finding support between $74,000 and $78,000 as the market advances toward a $126,000 target. With open interest resetting and price holding above previous highs, he maintains a bullish outlook toward the $90,000 range rather than betting on significant downside.