BTC Monthly K for reference

According to recent market dynamics, Bitcoin is at a critical turning point.
On a technical level, some positive signals have emerged. The historic breakthrough of the Lightning Network transmitting payments via satellite demonstrates the continuous improvement of Bitcoin's infrastructure, and this censorship-resistant payment method may play an important role in the future.
The community sentiment is showing a diverging trend.
On one hand, the bull market in global stock markets has led some investors to have higher expectations for Bitcoin, believing that digital gold should keep pace with traditional markets.
On the other hand, the low level of the market fear and greed index reflects that investors still maintain a cautious attitude, and this sentiment often indicates potential buying opportunities.

From a technical analysis perspective, Bitcoin is currently showing signs of stabilization near a key support level. A recovery in liquidity typically indicates the impending expansion of volatility and directional breakout.
The dollar-cost averaging strategy has been mentioned multiple times in the current environment, demonstrating long-term investors' confidence in the fundamentals of Bitcoin.

Overall, Bitcoin may face a directional choice in the short term. It is recommended to maintain a neutral and cautious wait-and-see attitude, paying attention to the technical breakout signal at 112134 points.