Bitcoin is slowly rising and pushing towards the 108,000 mark, having increased nearly 10,000 points from 98,000 to 108,000, with not much pullback in between. In the short term, it also shows a 'divergence' status, and even if bullish, one should not chase prices excessively.

In the evening, Bitcoin faced pressure at the 108,000 mark and fell back, dropping to a low of around 106,700, and is currently adjusting around 107,300. In the short term, bulls are continuously moving up, with a focus on the support level around 106,000, while above, attention should be paid to the previous high retracement point at around 109,000 as resistance.

Those holding short positions can hold with a loss, looking towards the 106,000-106,500 area below, and then can switch to long, targeting the 108,000-109,000 area. $BTC