Let's first review the market situation from last night. After a weekend of consolidation, we took a 3000-point short position, and this morning the market surged again, reaching a new high before quickly retracing;

The candlestick chart shows a false breakout of the previous high with a long upper shadow, which is a typical risk signal. Although it briefly broke through the previous high, it only reached it by a slight margin before sharply pulling back, fully exposing the lack of upward momentum from the bulls in front of the key resistance level, making it difficult to withstand the selling pressure from the bears;

This essentially indicates a significant increase in selling pressure from the bears; if the bulls cannot quickly break through and stabilize with a strong stance, but instead make tentative attempts to rise;

Only high shorts can withstand pressure. Personally, I suggest entering short positions at 105800–106500, with a short-term target looking at 102800 and a long-term target of 100,000!#币圈 #BTC挑战11万大关