#BTC has rebounded to the supply zone, which is a strong resistance level. If it cannot break through, there is a risk of another sell-off, especially since this week is still data week. If any negative news triggers panic selling in the market, it could easily drop to around 108-107. Currently, the open interest has not significantly rebounded, indicating that a large portion of capital is actually on the sidelines.

This is not meant to encourage you to short, but for the bears, this is indeed the best shorting range. For the bulls, it is necessary to control risks, reduce leverage or decrease positions. When volatility is high, reduce leverage; when volatility is low, increase leverage.