$BTC Bitcoin is gradually stabilizing amid fluctuations, with no significant selling pressure observed during high-level consolidation. The market has entered a phase of rhythm switching. The cautious sentiment among investors has somewhat diminished, and some medium to long-term buyers are starting to accumulate at lower levels.

On the macro front, there are no significant negative factors; the weakening of the US dollar index and adjustments in policy context provide a short-term buffer for risk assets. On-chain data shows that both active addresses and transaction volumes have rebounded compared to last week, as funds are re-testing the