From a small scale perspective, Bitcoin is still in an ascending wedge. However, in the short term, the price has touched the lower edge forming support. Initially, I thought it would drop directly, but if we analyze it through five waves of upward movement, the current drop can be understood as a wave 'a' decline. Additionally, the oscillation overnight did not show accelerated decline, which indicates that we might expect a wave 'b' pullback, meaning a rebound. Therefore, I plan to enter a long position in the 107000-106500 range. If the rebound prediction is successful, the expected high point is in the 108300-108600 range, allowing for a short-term long position with a stop loss set at 106000. Furthermore, based on the liquidation map, there are many large orders near 106500 that are likely to be liquidated before starting to rise again, so today, let's lean more towards long positions rather than short!