Matrixport released a chart today showing that Bitcoin remains range-bound. In contrast, US stocks have repeatedly hit record highs, driven by the AI boom. This pattern bears some resemblance to last year: after a prolonged period of low volatility, prices experienced a period of rapid upward movement over approximately three weeks (historical analysis is not indicative of the future). The current narrow range of fluctuations requires greater patience from traders. Short-term trading is primarily based on wait-and-see strategies, while the medium-term outlook remains unchanged. If the Federal Reserve maintains a dovish stance and continues to cut interest rates, the market will likely remain focused on awaiting clearer external drivers. Similar patterns have been observed historically: after prolonged periods of consolidation, volatility is concentrated over shorter periods.