The Bitcoin market welcomed two important milestones in 2024. On April 19, the Bitcoin network completed its fourth Halving, reducing the Block Reward from 6.25 BTC to 3.125 BTC. This periodic event often has a profound impact on the long-term price movement of Bitcoin.

In the same year, the U.S. Securities and Exchange Commission (SEC) approved the first Bitcoin spot ETFs, marking a further enhancement of the traditional financial sector's recognition of Bitcoin and opening new avenues for institutional investors to enter the cryptocurrency market.

Despite the recent significant fluctuations in Bitcoin prices, in the long run, the Halving event and the influx of institutional funds may become key factors influencing its price movement. Market participants need to closely monitor these changes and develop investment strategies that align with their personal risk tolerance, taking into account technical analysis and the macroeconomic environment.

As the Bitcoin ecosystem continues to develop, its position in the global financial system is gradually being established. However, investors still need to be cautious and fully recognize the high-risk characteristics of the cryptocurrency market, maintaining a rational and cautious attitude when making investment decisions.