After continuously rising and breaking historical highs, the pressure to take profits and short-term speculative trading have caused significant price fluctuations. Although the long-term fundamentals remain bullish, such as the continuous inflow of funds into Bitcoin spot ETFs and the supply contraction due to halving of block rewards, the risk of a price pullback still exists in the short term. In addition, the trends of the dollar, U.S. inflation data, and the Federal Reserve's interest rate policy will also affect the overall risk asset market, thereby impacting BTC's performance. Investors should pay special attention to market news and technical indicators, operate cautiously, and avoid chasing highs.