After Bitcoin peaked just above 108,000, it has been in a narrow range of fluctuations for the third day now. Looking at the details, both the highs and lows are gradually decreasing. The high point is close to the pressure trend line, which extends from the historical high to the current high point.

As mentioned in previous days, this position is quite critical. However, a short-term bearish fluctuation does not necessarily mean it will weaken further. The tug-of-war between bulls and bears will continue. Even if there is little fluctuation over the weekend, if it dips down, the support level at 105,700 has shown some resilience. If the bulls continue to struggle without breaking through, one should be cautious of a potential downward breakdown. $BTC