The recent BTC market shows a fluctuating trend. From a technical indicator perspective, there is a possibility of a short-term rebound, but in the medium to long term, it is under pressure from the bears, with limited upward momentum. On the news front, stricter regulations from the U.S. SEC bring uncertainty, while tariff policies and expectations of interest rate cuts from the Federal Reserve also exacerbate market volatility. Overall, the BTC market has high uncertainty, and investors need to closely monitor key levels and related policy changes.