BTC is currently fluctuating around $112,980, with an increase of only 0.1% after a week of volatility. Previously, it had retreated from a high of $121,000.

From a daily perspective, Bitcoin is still in an upward channel, but is testing the lower boundary around $112,000, which has been a key support level. If it breaks below this, it may further retreat to $108,000.

At the same time, BTC remains stable in the range of $111,800 to $113,200, indicating that the short-term trend is relatively stable, but momentum is limited.