Recently, Bitcoin has been fluctuating in a key resistance zone, with intensified market bull-bear battles. From a technical perspective, the daily level of BTC shows a contraction and consolidation pattern, the MACD indicator maintains a golden cross status but momentum has weakened, and the middle band of the Bollinger Bands forms short-term support. On the news front, the pace of institutional capital inflow has slowed down, combined with the impact of macroeconomic data on the sentiment of risk assets, the price volatility has narrowed. For investors, it is important to focus on whether the trading volume can effectively expand and the defense of key support levels. It is recommended to maintain a light position and wait and see, avoiding chasing highs and killing lows, and to formulate specific strategies after the trend becomes clear.