$BTC 8.22 Bitcoin price today: Currently, the medium to long term short order for Bitcoin remains unchanged. Earlier on the 13th and 14th, we advised to continue shorting at the highest price. So far, this medium to long term short order has only covered about one-third of the distance, with the first target still around 98 below, so this position remains held.

In the short term, since the drop from the 124,545 level, a downward trend has developed, and we are currently at a key support position. I believe it won't break down effectively here so quickly, and there is a high probability that there will be a retracement, with the retracement target around 116,000-117,000. For those who do not have medium to long term short orders, you can wait for a retracement to this position to open a medium to long term short order; for those looking to short in the short term, it is also not advisable to chase at the current position; it would be more appropriate to wait for a retracement before going short.

In summary, continue to hold the medium to long term short order for Bitcoin, while still looking for a rebound in the short term. Ethereum is also expected to rebound in the short term.