Bitcoin's recent market performance has attracted significant attention, with its price volatility once again capturing investors' interest. As expectations for Federal Reserve policy shift and global economic uncertainty persists, Bitcoin is becoming a dual choice for both safe-haven assets and high-yield investments. However, the impact of the macro environment and regulatory policies on market sentiment cannot be ignored. Currently, the number of active addresses on the blockchain is increasing, and institutional capital inflows are becoming evident, which may indicate the next market trend. Investors should pay attention to key support and resistance levels, while also being wary of short-term volatility risks and formulating clear trading strategies.