$BTC **Bitcoin (BTC) Recent Trend Analysis: Can Key Support Levels Hold?**

Bitcoin (BTC) has recently experienced continuous fluctuations, with market sentiment becoming cautious. As expectations for Federal Reserve interest rate hikes increase, BTC faces short-term pressure, but on-chain data indicates that long-term holders (HODLers) are still accumulating, and the selling pressure mainly comes from short-term speculators. From a technical perspective, there is potential to restart the upward trend.

On the macro level, institutional capital inflow is slowing, but the continued approval of spot ETFs and supply tightening after the halving remain long-term positive factors. Investors should closely monitor this week's CPI data and Federal Reserve statements, as these could become catalysts for BTC to break through the current range. In the short term, it is recommended to observe, while in the medium to long term, the value storage narrative of BTC remains optimistic.