I said there would be a big drop in BTC, I suggest reducing positions now. 110,000 has a lot of support here. If it rebounds, then short. If the 110,000 support does not hold, then consider taking profits at 108,000 and then go long.

The more BTC rebounds, the more likely it is that the spot market will experience a significant drop tomorrow. Hold onto your short positions. My short position is averaged around 112,600 according to my previous strategy. Even with a rebound, it won't exceed 115,000, especially since it hasn't even broken the resistance level at 113,600. Recently, altcoins have been relatively strong, such as Ethereum and Solana. Every time there is a big drop, these altcoins have risen significantly before starting to aggressively sell off. It's likely that there is a reluctance to sell a large amount of BTC to switch to altcoins. The last time a small amount of spot BTC was sold, it directly broke below 110,000. This year is considered the best year for the global market, but it is based on false expectations. A correction is definitely coming; just look at how high the Nasdaq has risen, a major correction is inevitable. Be patient and wait. Make a long-term short position. Don't be afraid of a rebound when it hits a high point; a rebound is not a reversal.