Technical Analysis: BTC in the short term: 4-hour level: Still in a retracement trend, forming a long upper shadow candlestick, indicating strong resistance above; followed by a series of small pullbacks. On the technical indicators, the 4-hour MACD histogram is gradually shortening, with the fast and slow lines approaching the zero axis, indicating weakening momentum. The daily MACD shows a death cross state, with bearish strength dominating. Resistance above: $108,000 - $108,820 (trend line + Fibonacci 38.2%)

Support below: $106,750 - $106,000 (short-term support) $105,000 - $103,000 (strong support zone)