Despite short-term pullback risks, institutional funds continue to flow in, technical breakthroughs above the 200-day moving average, and the deepening of Web3 ecosystem innovations (such as DeFi and NFTs) provide support for the long-term value of BTC. If it breaks through the psychological barrier of 100,000 USD, it could trigger a new bull market cycle, but caution is needed for the sharp fluctuations caused by profit-taking at high levels.