The overnight Bitcoin has broken 107 twice without effective continuation and then rebounded, but overall it is still oscillating within a box structure. In terms of liquidity, ETFs have seen continuous inflows in recent days. The weak Bitcoin is moving in the opposite direction, indicating a fierce ongoing battle between bulls and bears, just waiting for a piece of news to break the pattern. Currently, while oscillating without breaking the support, the subsequent direction should still be treated as bullish.

Around 106500-107000, look for 107800-108200.