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This wave of the market is indeed still testing our patience. I tried a short position last night and finally recouped some losses, but judging by the situation, it's highly likely that the price will keep oscillating within the 2900-3100 range in the short term.
Previously, people said that good news turning into bad news after it materializes, and now the market does feel a bit like that. But I think once the official rate cut is confirmed and market sentiment picks up, there will definitely be another main upward wave. Recently, I've noticed some signs of activity in altcoins, which often means they're attracting outside capital to test the waters.
Now it's just a matter of waiting for BTC to pick a direction. Once the trend becomes clear, that's when the real inflow of incremental funds will happen. Just be patient and wait.