$BTC BTC started to pull back after breaking through the four-hour level last night, hitting the first support level I gave to my brothers the day before, around 101000. Last night, I closed my long position, and my current short position is still open. I'm not too worried about the short position, as there will still be opportunities to close it in the coming days. I want to share a point of knowledge about hedging positions with my brothers: a hedging position is actually meant to protect your position from being forcibly closed when there isn't enough margin. Generally, if your forced liquidation is safe enough, it is not recommended to open a hedge. Even if you open a hedge and increase your forced liquidation, your hedging position must have a good stop loss; neither direction can have floating losses. Many brothers do not understand this, and it ultimately becomes a position with floating losses on both sides, which is unsolvable. So brothers, remember that hedging positions must have stop losses.