Bitcoin's recent market performance has attracted significant attention, with its price volatility once again capturing investors' interest. As market expectations regarding Federal Reserve policies change, along with global economic uncertainties, Bitcoin is becoming a dual choice for safe-haven assets and high-yield investments. However, the impact of the macro environment and regulatory policies on market sentiment should not be overlooked. Currently, the number of active addresses on the blockchain is increasing, and institutional capital inflow is evident, which may signal the next round of market trends. Investors need to pay attention to key support and resistance levels while being wary of short-term volatility risks and developing clear trading strategies.