Bipedal robots have long been a focal point of robotics research with an unwavering emphasis on platform stability. Achieving stability necessitates meticulous design considerations at every stage, encompassing resilience against environmental disturbances and the inevitable wear associated with various tasks. In pursuit of these objectives, here, the bipedal L04 Robot is introduced. The L04 Robot employs a groundbreaking approach by compactly enclosing the hip joints in all directions and employing a coupled joint design. This innovative approach allows the robot to attain the traditional 6 degrees of freedom in the hip joint while using only four motors. This design not only enhances energy efficiency and battery life but also safeguards all vulnerable motor reducers. Moreover, the double-slider leg design enables the robot to simulate knee bending and leg height adjustment through leg extension. This simulation can be mathematically modeled as a linear inverted pendulum (LIP), rendering the L04 Robot a versatile platform for research into bipedal robot motion control. A dynamic analysis of the bipedal robot based on this structural innovation is conducted accordingly. The design of motion control laws for forward, backward, and lateral movements are also presented. Both simulation and physical experiments corroborate the excellent bipedal walking performance, affirming the stability and superior walking capabilities of the L04 Robot.