BTC currently requires cautious handling. It is recommended to reduce positions moderately first, then closely monitor the 94,000 level—if it breaks through, you can add back short positions in batches, but the premise is to manage your positions well. Here I must emphasize: set your stop-loss above 110,000, otherwise the single loss could be very alarming.

Market manipulators often use rapid surges to lure short sellers into liquidation; don’t fall for this trick. Currently, 98,000 is a critical risk level, with the possibility of a rally before and after the Spring Festival in previous years. From a seasonal perspective, this period has a relatively higher probability of rising. However, if 98,000 cannot hold, the opportunity to go short massively in the opposite direction will arise—but the probability of such a reversal breaking through is not high.

Core advice: risk management is more important than market judgment.