The current lowest retracement to $108,666 has reached my predicted support, but for the bulls to reverse the downtrend, they must reclaim the EMA 20-day line at $115,000; otherwise, the market will continue to test the $108,000 level.

In summary, the overall BTC daily chart is still strongly bearish, and I recommend maintaining a short position on rallies until Bitcoin recovers to $115,000.

Support level: $108,000; Resistance level: $115,000.