On the daily chart, Bitcoin is trading around $108,000, with support at $105,426 and immediate resistance near $108,037. The technical levels suggest a likelihood of continued sideways movement, as the MACD indicator is approaching a bearish crossover and there is a possibility of testing new support at $102,448 if we break below $105,000, according to Fibonacci extension analysis. On the upside, a sustained break above $103,681 could push the price towards the first target at $105,249. Overall, the markets appear to be in a phase of moderate correction and a tendency to fluctuate, making risk management and placing stop-loss orders essential for traders.