As of now, Bitcoin is in a deep correction phase after reaching a historical high. It has fallen nearly 46% from the peak of approximately $126k in October last year. In the short term, it is fluctuating within the $66k - $70k range, with the Fear & Greed Index around 31, indicating a cautious market sentiment.

The Fed's rate hike expectations have been delayed, liquidity has tightened, and combined with the slowdown in inflows into Bitcoin, these factors constitute short-term bearish signals; however, the scarcity post-halving, institutional long-term holdings, and on-chain token locking provide core support. In the short term, it may remain volatile within the $60,000 - $75,000 range, while medium-term trends will depend on changes in Fed policies and capital flows. #加密市场行情震荡 $BTC