The Bitcoin market has recently shown remarkable dynamics. Despite some pullbacks in the short term, the subsequent rapid rebound indicates that the market still maintains strong rising momentum. Each market fluctuation attracts new capital inflows, further boosting market sentiment.

It is worth noting that institutional investors and large holders (commonly known as "whales") seem to have prepared for the market trends at the end of the year. This positioning suggests that they hold an optimistic outlook on the future trajectory of Bitcoin.

From a macro perspective, changes in US policy have brought positive effects to the Bitcoin market. Pensions are beginning to enter the cryptocurrency market, the advancement of stablecoin-related legislation, and the gradual improvement of the regulatory environment are all factors that provide strong support for Bitcoin. These changes may become important catalysts for driving the rise in Bitcoin prices.

Despite potential market fluctuations in the short term, many analysts believe this is just a temporary pullback. They predict that a real bull market may be on the horizon. Some optimistic forecasts suggest that the price of Bitcoin could reach a high of $170,000 by the end of the year.

However, investors should bear in mind that the cryptocurrency market is highly volatile and uncertain. Although the current market shows positive signals, investment decisions should still be made with caution, fully considering one's risk tolerance. Whether experienced investors or newcomers, everyone should closely monitor market trends and manage risks effectively.