After reaching its peak, $BTC has seen a healthy correction and is now trading sideways, specifically trying to hold the $117,000 area. This suggests a battle between buyers and sellers to establish the next direction.

$BTC is currently in a critical phase,
appearing to consolidate and build a fresh foundation after its recent powerful rally and subsequent pullback.
The market leader is actively re-evaluating its next steps, poised for a decisive move after this period of price stabilization.