Last night suggested reducing positions, and this morning there was a rebound. Now at 109500, all the previously reduced positions are added back. Then keep the liquidation level above 125000.

BTC has support between 106000-106800, let's see if it can break. If it breaks, it may continue to fall. We can reduce our short position by 50% at this level and let the rest ride. Hold for the long term. If it rebounds to 108000, we can continue shorting.