The subjective trading of Bitcoin this time has some gambling nature...

The reason for increasing positions, apart from the left side touching the short position being too small, is that in terms of futures liquidity, I have been waiting for this liquidity capture behavior targeting 108.5k.

Since the spot market did not participate in the rally above 107k, the reason for the futures market's upward movement can only be targeted at short liquidations. After I saw that the shorts were completely liquidated, I began to build short positions...

However, the price being able to quickly drop out of the building area is indeed luck, because no one knows when Israel will start attacking Tehran...

From my perspective, even if both sides do not escalate the situation, there should be a pullback here. The main reason I haven't opened a single position in the past three days is that the spot premium has not shown a strong rebound.

Now that the pullback has already occurred, and the price has returned to the midpoint of the range, I will continue with the profit-taking strategy mentioned in the previous live broadcast, but I left half of the short positions and set a breakeven stop loss at 108k+;

The reason for doing this is considering that the current market structure is more likely to form a converging triangle, rather than a standard parallel range oscillation;

If there is further decline, since there are still some short positions left, at least it won't make me rush to bottom-fish for long...

In short, my trading strategy at the moment is very simple: if the price is above 106.6k, look for opportunities to short; if below, look for opportunities to go long. As long as the price returns to this level, take profit...

If the price directly breaks through this level, then treat it cautiously and do not rush to open positions...