The overall trend of Bitcoin is upward, but looking at the smaller time frames, it hasn't stopped declining yet. Although the short-term price retraced to around the 108,000 support level and did not break below, the rebound strength is relatively weak. Therefore, I think there will be a trap to lure shorts, and the smaller time frames will continue to pull back down. After reaching around 108,000 again, it will accelerate to dip down, probably around 107,500, and then quickly recover to start a rebound trend. So, the short-term buying position can be chosen around 107,500.