$BTC The market has recently welcomed a strong upward trend, with prices breaking previous highs and setting new annual highs, igniting heightened investment enthusiasm. Key factors driving this round of increase include record high trading volumes for Bitcoin spot ETFs, a shift in Federal Reserve policy expectations towards easing, and increased market demand for hedging. From a technical perspective, BTC has successfully broken through several key resistance levels, with strong short-term momentum, but heightened volatility at high levels necessitates caution regarding short-term pullback risks. In the medium to long term, continued institutional entry and the halving effect remain bullish support. Investors should pay attention to changes in trading volume and key support levels, seizing opportunities while maintaining risk awareness.