Personally, I am actually bearish in the short term:

Let's talk about Bitcoin first. From the candlestick chart, Bitcoin is now closing at the 2-day Vegas line, but I don't think this is a strong support. From the previous trend, the daily EMA144 EMA169 did not strongly support the price to move further upward, but showed a bullish power exhaustion; from the perspective of SMA, the long cycle is more suitable for SMA, whether it is the 30 50 100 group or the 60 120 200 group, the bullish arrangement on the moving average has disappeared and the price closed below the 200-day moving average. It is reasonable to be bullish or bearish. The market is unpredictable, but in this market, there are many quantitative operations based on indicators, and the amount of these funds is not small. However, the price only provides a relatively good dynamic support and resistance effect on the 10-day chart. The current price position is neither up nor down, and there is no good cost-effectiveness. Compared with the benefits that can be obtained, the risks that need to be borne are too great. For the spot of Bitcoin, I am only willing to buy at the position of 32,000 to 40,000. The time of the US election also needs to be considered. From the perspective of interest rates, I prefer to wait for the end of the interest rate cut to be considered good news. The previous meetings were all expectations of interest rates and expected speculation: and the interest rate cuts have really landed, and more than one interest rate cut has been completed. Only then will funds really flow into this market and cause real fluctuations in prices. Speaking of cottages, I think the bull market of cottages has ended. Even if it rises in the future, it will be another market. The last round of cottage crazy rise has ended. The previous few big drops have proved that the market lacks confidence in cottage coins. If we look at the exchange rate of ETH to BTC, the exchange rate of Ethereum to Bitcoin has fallen for two years. The market of altcoins is also not optimistic. If you want to buy altcoins, you must at least wait for the big bitcoin to stabilize, and the sideways trend will make everyone impatient, the bulls have no bullets, and everyone will no longer dream of getting rich overnight. Only then will the crypto market usher in a breakthrough. However, I still have to remind you that you should use the profits of big bitcoins to do altcoins. You can only do altcoins after you make money from big bitcoins, because the transmission chain of funds is from big bitcoins to altcoins and high-quality projects led by Ethereum, and then to other altcoins and other projects.