In the past two days, there are two key points to grasp for bullish short-term contracts regarding BTC:

1. Before breaking 99425, the low entry points for long positions are around 97255 and 96855. If it dips down tomorrow, you can set a buy order at 95755. For a bullish trend, there is no need to defend below 80k. For pure short-term positions, set a stop-loss at 95055, and if it breaks, buy back at 94666. PS: Yesterday morning, I suggested to take half of the position for low longs when entering in batches below 94666, aiming to take profit above 100k, as it is unlikely to dip that low again. As floating profits expand, the averaged buying price will always maintain an advantageous position.

2. After breaking 99425, it will directly hit 100450, 100750, 101409/101600, or even the first strong resistance above 100k around 102000. Therefore, a retracement to 99200-98855 would be a low entry point for longs. Do not chase above 100k before breaking 102000.

For bearish short-term contracts, there are two key points to grasp:

1. When the bullish trend is strong, the entry points for short positions should be significantly moved up, and you can only short at strong resistance levels, such as 102800, 104600/105000, 106600, 107700, etc. The position should not exceed 20% * 20 times or 5% * 100 times, and take profit at the nearest support point on the same day after entering.

2. If hedging, low longs should be the main axis, while high shorts are supplementary. I always mention the “batch shorting method”: for every 3000-point increase above 100k, enter 1.5-2% short positions from low to high, specifically: short 1.5% at 103000 and 106000 (these two levels have already been reached recently, so the entries should be small), short 2% at 109000, which will create opportunities for profit taking on pullbacks; short 2% at 112000, 115000, 118000, which will also create opportunities for profit taking on pullbacks.

Even in an extreme upward surge to 118000, the short position at 118000 would only be 10.5%, with an average cost price around 113000. Generally, there will be a pullback of 6600-12000 points around 120k, so there will be opportunities to take profit. After 10 days of shorting, there will definitely be a profit.