Today's market trend fell into horizontal consolidation in the afternoon. Although the bulls attempted to break through, they have not managed to form an effective upward attack. The market showed weakness in the evening, presenting a clear 'impulsive rise followed by a rapid drop' trend, indicating a severe lack of upward momentum. The senior brother quickly adjusted his position to look at the area around 102000, steadily holding over 1000 contracts. From a technical perspective, the key support level on the four-hour chart is facing a breakout risk. If the closing price on the hourly chart cannot effectively stabilize at the 104000 round number during the night, the probability of a second upward surge in the short term will significantly decrease.

Personal suggestion:

Pay attention to the confirmation of the breakthrough at the 104000 resistance level. Once the price stabilizes at this point, you can consider a light position to go long, with upper target resistance levels successively at 105000 and 105800 round numbers.

Before forming an effective breakthrough, it is recommended to primarily adopt a short position strategy, focusing on the key support levels at 101400 and 100800.

If the price retraces to around 100800 and shows a signal of stopping the decline, you can attempt to enter a long position with a light position, strictly controlling risk. $BTC