The price of Bitcoin has been sideways in the range of about 50,000-70,000 US dollars for a full 6 months, fluctuating up and down in this range, and the long and short conversions are particularly fast, instead of the previous cycles of slowness. The secondary market trading is also the most difficult since entering the circle. From the overall trend of the later period, the expected positive impact of interest rate cuts this year has basically been digested. In the absence of major actions and strong positive stimulation, Bitcoin should have another large and rapid decline in Q4. Personally, it is estimated that it will reach 39,000-42,000, below the middle track of the monthly K-line Bollinger, but many altcoins have fallen to the bottom, and the recent short-term trend is still unclear.