$BTC BTC Today's Market | Support and Resistance Analysis

Current price hovers around $40,000, with short-term support at $38,500 (recent low) and resistance at $41,500 (previous high), forming a range-bound pattern. If the U.S. House of Representatives' market structure draft promotes the compliance process, it may alleviate regulatory pressure supporting the market; however, the Federal Reserve's extended interest rate expectations and delayed rate cut expectations may suppress capital inflow. It is recommended to monitor whether the $38,500 support holds; if it breaks, it may trigger a downward correction; conversely, breaking through $41,500 may lead to a return of capital to mainstream cryptocurrencies, promoting a deeper breakthrough.