$BTC Yesterday, I reminded those holding short positions to take some profits around 108,000 to prevent the market from continuing to fluctuate and consuming your patience. The price dipped above 108,000 and stopped falling. If there was no profit-taking, there is no need to exit the short position.

Last night, I pointed out that the spot premium near 108,000 was continuously decreasing. If this position stops falling, there will be a certain rebound. The current price is in the process of rebounding.

Returning to today's market, from the four-hour level perspective, BTC has formed a converging triangle and is moving sideways on the four-hour chart. To summarize, there is not much upward space at this position. Apart from the current short-term long position to hedge against my short profit, I will not take any long positions. Even if BTC chooses to break through 110,000 and my short position hits the stop loss, I will still look to short at the new high and short the bull market.