Currently, from the perspective of the daily chart pattern, BTC is at a watershed of accelerated upward movement. Above 106800, there may be a trend for further rises. However, the trading volume is decreasing, and the height and duration of the rise may not last long. MACD shows that bullish momentum is gradually weakening. If it continues to rebound upwards, one can keep adding to short positions. At this time, do not engage in spot trading or chase after rising prices. The price range is not suitable. The upper resistance is near 109500.

On the four-hour chart, it is currently above the trend line; continue to open short positions on rebounds, open shorts near 109000, with a stop loss around 112500 and take profit around 103000. The rebound is occurring with decreasing volume, and the height of the rebound is limited. If it effectively breaks below 106800, it will drop to around 100000.