Bitcoin's recent market performance has attracted significant attention, with its price volatility once again capturing investors' focus. As market expectations of Federal Reserve policies change and global economic uncertainties persist, Bitcoin is becoming a dual choice for both safe-haven assets and high-yield investments. However, the impact of the macro environment and regulatory policies on market sentiment cannot be ignored. Currently, the number of active addresses on the blockchain is increasing, and institutional capital inflows are becoming apparent, which may indicate the next market trend. Investors need to pay attention to key support and resistance levels, while also being wary of short-term volatility risks, and formulate clear trading strategies.