Bitcoin has fallen below the $100,000 mark, and market sentiment has once again plunged into panic. As uncertainty in the macroeconomic environment increases, investors' confidence in high-risk assets weakens, leading to rising selling pressure. Additionally, tightening regulatory policies and reduced market liquidity have further exacerbated Bitcoin's downward trend. In the short term, technical indicators show that key support levels have been breached, which may trigger further declines. Investors should remain vigilant, manage risks wisely, and avoid larger losses caused by emotional trading. Future market trends will still need to focus on macroeconomic data and further guidance from policy developments.