As of $BTC , Bitcoin is currently in a high-level consolidation period, benefiting from ETF funds and institutional holding support, but facing volatility and correction pressure. In the medium to long term, the supply-demand fundamentals remain bullish, especially with the halving effect and increased acceptance in mainstream finance. However, in the short term, prices may be constrained by macro factors and technical pressures. If it holds above the $100,000 level, it may challenge historical highs again; if it breaks below, a deeper correction may occur. It is recommended for conservative operators to wait and see, while those who are more aggressive can look to enter on pullbacks.