Hello everyone, I am Mr. Fan. The market has pumped from 98000 to 108000, and there are basically no signs of reversal. However, it is at times like this that one must be more cautious about chasing rising prices. There are still people buried from the lessons of shorting a few days ago who have not managed to climb out.

The moving averages have begun to overlap, and it can be seen on the 4-hour chart that the upward trend has been delayed. The main direction today is bearish.

Operation suggestion: short at 108000. Add to short at 108300, defend at 108800, target first at around 106000.