From a daily perspective, Bitcoin's candlestick hit a historic high before experiencing a surge and subsequent decline. However, the volume was average and not amplified, indicating a typical contraction and decline. Additionally, there is short-term moving average support below, which limits the room for a pullback. At most, the pullback can reach around 118000, which is basically in place. After a short-term adjustment and accumulating momentum, BTC will continue to challenge the 123000 pressure level