The recent market trend of Bitcoin, with ID #市场情绪观察 , has attracted significant attention, as its price volatility once again draws the gaze of investors. With changing expectations regarding Federal Reserve policies and uncertainties in the global economy, Bitcoin is becoming a dual choice as a safe-haven asset and a high-yield investment. However, the impact of the macro environment and regulatory policies on market sentiment cannot be overlooked. Currently, the number of active addresses on the blockchain is increasing, and institutional capital inflow is evident, which may signal the next market trend. Investors need to pay attention to key support and resistance levels while being cautious of short-term volatility risks and formulating clear trading strategies.