$BTC As the leader in cryptocurrency, Bitcoin's recent trends are influenced by multiple factors:

1. Macroeconomic Level: The Federal Reserve's interest rate policy remains key; if rate cuts materialize in 2024, liquidity easing may push BTC to break previous highs (70k+), targeting the $100k-$150k range.

2. On-Chain Data: The stock of BTC on exchanges continues to decline, with the proportion of long-term holders increasing, reflecting bullish market sentiment.

3. Regulatory Dynamics: Inflows into US spot ETFs and the acceleration of global compliance processes are attracting institutional funds.

Short-term risks include geopolitical conflicts, sudden changes in SEC policies, or macroeconomic recessions that may trigger corrections (support levels at 40k-50k). Long-term outlook remains optimistic on its 'digital gold' narrative, but high volatility persists; it is advised to accumulate on dips in batches. #BTC #Cryptocurrency