From a macro perspective, on April 19, 2024, Bitcoin completed its fourth halving, reducing the block reward from 6.25 BTC to 3.125 BTC. Historical data shows that halving events typically have a long-term impact on Bitcoin's price.
Additionally, in January 2024, the U.S. Securities and Exchange Commission (SEC) approved the first Bitcoin spot exchange-traded funds (ETFs), marking further recognition of Bitcoin in mainstream financial markets.
Overall, although Bitcoin's price has been quite volatile recently, the long-term trend may be influenced by factors such as halving events and the participation of institutional investors. Investors should closely monitor market dynamics, combine technical analysis with macroeconomic factors, and develop investment strategies that suit their own risk preferences.
