The current $BTC price of $BTC is oscillating within a consolidation range, and market sentiment remains cautious. After multiple attempts to break through key resistance levels failed, the trend has entered a consolidation phase. From a macro perspective, expectations for interest rate hikes by the Federal Reserve have weakened, and funds are gradually returning to risk assets, providing support for Bitcoin's medium to long-term trend. From a technical standpoint, if it can stabilize above the support range and coupled with increased trading volume, it is likely to welcome a new round of upward movement. In the short term, it is recommended to pay attention to the breakout situation in the $29,800 to $30,200 range, as this is a key window for determining the bullish or bearish direction.