Today, Bitcoin has slightly pulled back, currently reported at approximately $118,110, with a daily fluctuation range of about $117,476–$118,498. Recently, the U.S. Congress has passed multiple pieces of cryptocurrency legislation, which has driven institutional funds to flood in, causing BTC to drop back to its current support level after reaching an all-time high of over $123,000. The technical indicators show a strong bullish trend, but in the short term, it may continue to maintain a range consolidation. It is recommended to pay attention to the upcoming legislative implementation progress and capital flow dynamics. $BTC
