The current market is stuck at a critical point. BTC will either break upwards or directly retrace; it all depends on whether this threshold can be crossed.

From a technical perspective, support levels have been repeatedly tested, and trading volume has significantly decreased. In this situation, once large funds enter or major news is released, the direction can basically be confirmed.

My view is that both bulls and bears are secretly accumulating positions, and the true turning point might come faster than in the past 10 days. Once broken through, the move will definitely be substantial.

However, whether it can continue to push higher or will fall into a deep correction still depends on the Federal Reserve's policy actions and the recent flow of institutional funds. These two factors will essentially determine the next trend.