Bitcoin $BTC is gradually showing signs of recovery after a strong correction phase. With market sentiment stabilizing and renewed interest from institutional investors, $BTC has the potential to re-establish its uptrend in the near future. The Fed's pause on interest rate hikes and the influx of capital into risk assets are positive supportive factors. Additionally, expectations for the 2024 Halving continue to be a long-term driving force for Bitcoin's price. If it can maintain the important support level and break through the nearest resistance, the outlook for recovery of $BTC is quite optimistic in the medium and long term.