In the past two days, BTC has shown overall fluctuations, with intense competition between bulls and bears. The market is currently in a high-level consolidation phase, influenced in the short term by expectations of Federal Reserve policies, institutional fund flows, and market sentiment. If it breaks through key resistance levels, it may further rise; if it falls below support, it may pull back. Attention should be paid to macroeconomic data and BTC on-chain fund movements, and caution is advised against short-term risks brought by market volatility.