Today, Bitcoin is in the "High-Level Consolidation" phase. Technical indicators and institutional funds provide support, but macro policies and geopolitical risks still present uncertainties. Core observation points include:

Federal Reserve interest rate decision: The dot plot's guidance on the rate cut path and Powell's statements on inflation;

Technical pattern breakout: Can it hold above $108k and establish a new trend;

Market sentiment linkage: If U.S. stocks decline due to policy shifts, it may drag down Bitcoin's short-term performance.

Investors need to maintain flexibility in a volatile market, primarily engaging in range trading, and wait to increase positions once the direction is clear.