$BTC just looked at the order chart. The market spot CVD and contract CVD have not seen any buying pressure, but the open interest has increased. This indicates that the market's rise is entirely driven by contract users.

The long and short positions are competing back and forth. While the bulls have the advantage, the shorts are being liquidated. If there is no new capital entering the market, I personally think that the magnitude of this rise will not be very large and will provide better shorting opportunities.

For $BTC, pay attention to the resistance level at 106800. This afternoon, it should test the 106800 level. If it cannot break through, consider opening some short positions to gauge the market atmosphere.