$BTC

In the past 30 days, the Bitcoin market has shown a **“short-term bearish and long-term bullish”** pattern:

- **Short-term**: Influenced by bearish sentiment in the options market, selling pressure from altcoins, and tight liquidity, BTC may maintain a fluctuating adjustment (support level at $92,000 - $96,000).

- **Medium to long-term**: Increased institutional holdings, friendly policies, and the halving effect will drive BTC to break new highs, with target prices for 2025 generally seen at $120,000 - $250,000, with extremely optimistic predictions reaching $800,000 (if Trump's policies are implemented).

Investors should pay attention to policy developments in March (such as the U.S. “Bitcoin Superpower” plan), macroeconomic data (CPI, interest rate cuts), and the effectiveness of key technical support levels.