Recently, Bitcoin ($BTC ) has been fluctuating around the key support level of $60,000, and market sentiment appears slightly cautious. Although macroeconomic data puts some pressure on the crypto market, on-chain data indicates that long-term holders remain stable, showing that confidence is still present. On the technical side, if $BTC can break through the short-term resistance level, it could usher in a new wave of upward momentum. However, if it fails to hold the key support, further declines cannot be ruled out. At this stage, investors should remain patient and be wary of the short-term risks brought by market volatility.