$BTC In the past two days, the market has shown me difficulties. From the current market perspective, the rebound momentum of the overall market is clearly insufficient. Based on this, the strategy still recommends primarily short positions. Currently, at the level of 107,950 points, one may consider trying to establish short positions, with a stop loss set at 108,400. It is essential to strictly adhere to the stop loss, as once it is triggered, the market is very likely to show a sharp rebound trend. If the stop loss is triggered, one can wait for the opportunity to short again in the pressure range of 109,500 - 110,500.

The daily defensive support levels below are at 107,600 and 107,200. If the price fails to rebound and rise, aggressive traders may attempt to go long near 107,600 and perform a locking operation, with a stop loss set at 107,200. By doing this, regardless of whether the market rises or falls, there will be positions to respond, and one only needs to focus on which side's stop loss is touched first. It is important to note that only when the price breaks below the key support range of 107,200, could the market open up significant downward space, with lower target levels to watch at 106,500 and 105,000. At the same time, long position trades should also closely monitor the changes in this range.