$BTC is the first and also the largest cryptocurrency by market capitalization, proposed by Satoshi Nakamoto in 2008 and officially launched in 2009. It uses **blockchain technology** and a **proof-of-work (PoW)** mechanism, featuring decentralization, resistance to censorship, and a fixed supply (21 million coins), and is widely regarded as 'digital gold' and an anti-inflation asset.

Bitcoin remains the 'leader' of cryptocurrencies, possessing attributes of both **store of value** and **high-risk high-reward asset**. A short-term pullback may be an entry opportunity, but it should be considered alongside the macro environment and technical analysis. **Key observation points**:

1. Whether the $60K support is solid.

2. Federal Reserve policies and institutional fund flows.

3. On-chain data (whale activity, miner sell pressure).

If the goal is to hold long-term, one can accumulate in batches on dips; if it is for short-term trading, strict stop-loss settings are required. $BTC