BTC is expected to start declining from 110k; the current strategy and target of 100k remain unchanged. However, this is not the right time for blind long or short positions, as we have entered a consolidation zone. It's essential to trade long or short at the extremes of the range, as the risk-reward ratio in the middle is not favorable.

After closing my short position at 104800, I missed a bit of the move, but I believe it's not suitable to chase shorts here anymore because there is currently support around 103k, which is the 0.786 retracement of this rally.

⚠️ If there is a rebound here, we could see 1062, with a maximum of 1076.

⚠️ If it breaks below 103, we could see 100, or even touch 99.x, but it’s unlikely to go down to 98 in the short term.

⚠️⚠️ Overall, it’s suitable to go long near 100, while 105 or higher is suitable for shorting in the short term. Engage in range trading. Avoid trading in the middle.

Looking back, two days ago I added to my short position at the rebound high point of 108800 in the group. It feels quite comfortable now after heavily shorting from the high.