BTC has been relatively strong in recent days, currently constantly touching the upper resistance level. We can see that there is still a lot of selling pressure, but every time it reaches a short-term second high point, it proves that there are still many institutions, including large holders, aggressively buying!

Although we rarely benefit from the rise, we are always in the market during each decline and correction. We can say that during this recent correction, those of us who were in the market have been shorting, which is quite satisfying!

Currently, it seems that there is a demand for a correction in Bitcoin, so it might be best to observe for now. A small buy order can be placed around 106,300, with a stop loss at 104,000. The upper take profit target can be seen around 110,000.

For short positions, orders can be placed around 110,000 to short, with a stop loss at 112,500. The lower target can be seen around 106,000!