In the morning, the short positions laid out near 104500 successfully captured profits of over 1400 points, and later in the rebound market, another 500 points were seized. Achieving such returns in a volatile market is truly commendable; congratulations to those who followed the operations! Below is an analysis of the evening trading strategy:

Currently, the Bitcoin price has once again touched a key level, but from the market performance, the rebound momentum is clearly insufficient. I remind everyone not to blindly chase long positions and to be wary of high-level entrapment risks.

Future trends should focus on the 1-hour candlestick pattern: if the price effectively stabilizes above the 103700 mark, it is expected to further test the resistance level of 104700, and even challenge the previous high of 105800;

Conversely, if it cannot hold this position, the price is likely to continue its downward trend, testing the support levels of 102500, 101500, and 100600 in turn.

My personal suggestion is to short Bitcoin in the range of 104300-104800, with proper risk management, for reference only.