Will BTC break the 108k mark in the short term (specifically tonight or tomorrow)?
Let's analyze a bit!

Currently, Bitcoin (BTC) is trading around 109,389 USD, having previously dropped to nearly 105,344 USD before bouncing back—reflecting a retreat from the important resistance zone of 108k.
Below are the reasons why BTC may break this mark:
1. Reduced expectations for Fed rate cuts
The market is less convinced of the Fed's ability to cut rates soon. This is slowing the inflow of money into risk assets like BTC.
2. Strong technical pressure
BTC just hit a peak and was pushed back, forming a “swing failure” pattern. At the same time, there is negative divergence with the RSI, signaling weakening momentum. Large sell orders waiting in the 105k–110k range create heavy pressure.
3. Whales and short-term investors taking profits
Whales have begun to sell after a period of accumulation since the beginning of the year. The actual profit across the network has surged, indicating a clear trend of selling to realize profits.
4. Liquidation of Long positions and weak ETFs
When prices drop sharply, many Long positions are liquidated, creating a domino effect. Meanwhile, the inflow of money into BTC ETFs has stagnated, significantly weakening demand.
5. Lack of new macro catalysts
There is no economic data or event significant enough to continue driving the uptrend. Market liquidity is also thin at the weekend, making prices prone to strong fluctuations when lacking supportive buying pressure.
6. Global risk sentiment
Geopolitical risks, negative economic data, and cautious sentiment are causing investors to reduce their appetite for risk assets. BTC is therefore heavily affected.
In summary, the factors from technicals, cash flow to macro are all unfavorable, causing BTC to break through the 108k zone.