Bitcoin's recent market performance has attracted significant attention, with its price volatility once again capturing the interest of investors. As market expectations regarding Federal Reserve policies change, along with global economic uncertainties, 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 overlooked. 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 need to pay attention to key support and resistance levels while remaining vigilant about short-term volatility risks and formulating clear trading strategies.