Currently, BTC has reached the position of 106400 and a double top structure has appeared. From the perspective of the trading range, we should pay attention to around 103000 below and see if 106500 will be broken above. Currently, from a technical analysis perspective, there is a demand for a downward adjustment. The short-term trading idea is to focus on around 103000 below. This is the operation idea at the 4-hour level. The main idea is bearish, and the higher level has not given a direction. Just manage the hourly level trades. If BTC breaks below 102000 today, the market will turn into a bearish trend in the short term, and the market will return to the range around 98000. Therefore, we cannot see the big direction in the short term; we should still focus on segmental and short-term trading strategies.