BTC: It closed with a small positive line yesterday. Although the U.S. spot Bitcoin ETF had a net inflow of 514 coins yesterday, the funds were still not enough to offset the selling pressure in the market. At this stage, the daily level has been fluctuating below multiple moving averages, and is currently suppressed by the 5-day moving average, indicating that short-term pressure is relatively high. Combined with the latest news and information, the remarks of Federal Reserve Board members Bowman and Cook have a greater impact on the market. Bowman believes that there will be no interest rate cuts in 2024, which suggests that the market may continue to be under high interest rate pressure for some time to come, which is not conducive to Bitcoin's performance. Cook pointed out that inflation is expected to slow significantly next year, which provides some support for long-term market optimism. Although Bitcoin may rebound in the short term due to its oversold state, it may continue to decline under the current high interest rate environment and market pressure, and caution is still needed. In the process of the bull market, long-term investors can still hold the currency. $BTC