$BTC

Bitcoin experienced a slight intraday decline of 0.21%, reaching a low of $109,000. Key support level at $108,000 (if broken, it may test $107,184). Key resistance level (if broken, it may challenge $110,500). The forces of bulls and bears are balanced, and attention should be paid to the performance of the $108,000 support level.

- If the price holds above $108,000, it may rebound to $109,000; if it breaks below, it may test $107,000. Funding rate at 0.035% (moderately high), indicating bullish dominance, but not at extreme levels. Bitcoin ETF has seen continuous inflows recently, supporting the price, but trading volume in the spot market is sluggish, indicating a lack of strong buying power in the short term.

* If there is a rebound breaking $109,000, take a light long position, targeting $110,500. Stop loss at $108,000. If it breaks below $108,000, consider a short position in the short term, targeting $107,000–$106,500. Stop loss at $109,000. If the price encounters resistance and falls around $109,000, it may form a 'double top' structure, increasing downside risk.