BTC fell below 100,000 this Monday, but quickly returned above 100,000 after the opening. It then rose for three consecutive days, reaching above 108,000 on Wednesday night. However, there were signs of a decline early Thursday morning.

Since BTC has already dropped below 100,000 once, the 100,000 level cannot be held. I noticed that many analysts are suggesting to go long, but the upside potential for going long is clearly limited. The 108,000 level has formed resistance, and observant friends will surely notice that Bitcoin tends to experience significant drops whenever it approaches 110,000. Additionally, for nearly half a month, the BTC price has been fluctuating around the 108,000 level. Personally, I believe starting to short on Thursday is the preferred option; going long carries high risk and low profit, which I do not recommend.

The correct approach is to start shorting around the 108,000 level and look for a drop below 100,000.