#bullish

🚨 $BTC Pulls Back After ATH of $123K! 📉

Bitcoin’s facing a 5%+ retrace to $116,900 after hitting a new all-time high. Bears are stepping up, flipping the long/short ratio negative for the first time in weeks, per CryptoQuant data. 📊 Key support at $117K is under pressure—can bulls hold the line, or will bears spark a deeper correction? 👀

US Congress’ “Crypto Week” kicks off, with potential regulatory moves adding uncertainty. The $114K-$117K zone, backed by the 50 SMA, is critical. Failure here could see BTC test $109,300. Despite the dip, the macro trend remains bullish. 🐂