The short position is currently in a small profit state and has reached the first target level of 106500 mentioned yesterday. This short position has been held for almost a week, and I added to the position above 108000. I'm a bit reluctant to close it completely just for a small profit, so I chose to close part of the position and continue holding.

The support level below is around 105500. If this range breaks, it will be 103000.

I still firmly believe that before a significant rise, there will definitely be a larger correction.

If the current market shows a rebound, there's no need to panic; as long as you manage your position well, you can continue to add short positions at higher points. The market has been maintaining high-level fluctuations for so long, and it is already at the end of its strength; this wave of decline is highly probable. Even if there is a recent rally to 110000, it is just to clear out short positions and provide liquidity while luring in some longs.

However, the correction is for a better rise; after the decline, $BTC will have the strength to continue pushing for new highs. Just be ready to shift your mindset when the correction is about over.