$BTC $BTC afternoon, adding short positions near 107800 can be closed below 107000, and it's fine to gain another 1000 points. The 4-hour chart shows a continuous 5-day decline, and recently there has been a pattern where if the Asian and European sessions decline, the US market will have a certain rebound. Moreover, the current pullback has reached a key support area of 106800-106000.

Therefore, the main focus for short-term added short positions is to take profits upon closure, while medium to long-term short positions above 110000 can still be held. The short-term positions have already gained over 3000 points. The winning streak has begun again.

For hedging, those looking to make short-term long positions can lightly add another position in the range of 106666-106300, with a stop loss at 105800. In the evening, we expect a rebound to 107700-108200.