The Bitcoin market seems to be迎来 a new round of critical moments. Currently, BTC is approaching its core supply zone, which usually indicates a potential for significant price volatility. However, it is worth noting that the spot premium has begun to show a downward trend, adding uncertainty to the market direction.

Based on these observations, we can speculate that Bitcoin is likely to continue oscillating within a larger range. Particularly in the short term, if we see the price break through previous highs and then quickly pull back, while the spot premium continues to decline, then we have reason to anticipate the arrival of a correction.

However, to see Bitcoin continue to rise after breaking new highs and forming a strong trend, the key lies in the performance of the spot premium. Only when we observe a significant increase in the spot premium can it provide strong support for a sustained upward trend.

Therefore, in the current market environment, investors need to closely monitor these two key indicators: price action and spot premium. Their coordinated changes will provide us with a more accurate judgment of market direction. In this uncertain market, it is particularly important to maintain vigilance and a flexible investment strategy.