Today's analysis on $btc can be summed up in two sentences:

① Stabilize above 108200, then look to 108600, followed by a drop.

② Break below 107800, then look to 106800.

The longer this sideways movement drags on, the more unfavorable it is for the bulls. Additionally, even if the rebound has not ended, the rebound space is quite limited. There should be a reaction tonight.