Analysis of Bitcoin's Recent Trend ($BTC ): Due to the delayed expectations of the Federal Reserve's interest rate cuts and disturbances from geopolitical conflicts in the Middle East, BTC continues to face pressure at the resistance level of $63,000, fluctuating around the $60,000 mark in the short term. On-chain data shows that the accumulation by whale addresses has slowed, miner selling pressure has slightly increased, but the holdings of long-term holders remain stable. From a technical perspective, if it fails to hold the key support at $58,000, it may drop to the $55,000 region; conversely, if it stabilizes at $62,000, it may initiate a rebound. Attention should be paid to the flow of funds during the US earnings season and the inflow of funds into Bitcoin ETFs in Hong Kong. On the macro front, close attention should be paid to US CPI data and regulatory dynamics, and it is advisable to control leverage and deploy in batches.