Bitcoin is currently facing some downward pressure due to changes in the macroeconomic environment. Although it broke through historical highs last year, the strengthening dollar and fluctuations in market sentiment have caused Bitcoin to pull back. Joe McCann from Asymmetric noted that the Federal Reserve's hawkish stance and the rise in the volatility index have increased the probability of short-term declines. However, he remains optimistic about the long-term trend. 📉

The unexpected strengthening of the dollar index has also drawn market attention. Despite the Federal Reserve lowering interest rates, the dollar has broken through resistance levels, reflecting the market's demand for safe-haven assets. QCP Capital warns investors that risks such as the debt ceiling may lead to market volatility. Analysts believe that Bitcoin's movement will continue to be closely related to Federal Reserve policies and the performance of the dollar. 📊