The price of Bitcoin is once again approaching 110,000, attracting market attention. Some traders have stated that this is their fourth time establishing short positions near 110,000. Looking back, short order operations near this price level have been profitable multiple times, with profit margins ranging from 7,000 to 10,000 points.

At the same time, when Bitcoin drops to around 100,000, it also provides investors with a buying opportunity. For example, recently buying in the range of 99,600 to 100,300, and then taking profits in the range of 106,000 to 108,000, demonstrates a good grasp of investment timing.

It is worth noting that the short order initiated at the 109500 position last night was not a blind action, but rather based on previous market observations and analysis. Currently, Bitcoin seems to be forming a consolidation range between 100,000 and 110,000. Within this range, the area near 110,000 may be more suitable for considering high-level short positions, while the area near 100,000 could be a good opportunity for low-level long positions.

For investors, grasping the characteristics of this range-bound volatility and flexibly adjusting trading strategies may yield profits amidst fluctuations. However, the cryptocurrency market carries high risks, and investors should still make cautious decisions and manage risks appropriately.