The current price of BTC is 108,391. The BTC price is fluctuating between $108,000 and $110,000, and may continue to test the resistance level of $110,500 in the short term. Institutional capital inflows and macroeconomic expectations are the main driving factors, but low retail participation and whale sell-offs may bring downward pressure. If it breaks through $110,500, it may further test $112,000 or even higher, supported by institutional capital inflows and expectations of interest rate cuts. If it falls below the support level of $106,000, it may further drop to $104,000 or lower, with a need to be cautious of whale sell-offs and the impact of macroeconomic data in the short term.

BTC Resistance: $110,500 and $112,000 are key resistance levels, and a breakthrough may drive the price further up.

BTC Support: $106,000 to $107,000 is considered a short-term support area, with $106,497 being the recent low.