Bitcoin Pullback to $117K: Mixed Signals — Waiting for Confirmation

I see Bitcoin pull back to $117,000 a day after a new all-time high, and traders are clearly conflicted between profit-taking and dip buying. I’m interpreting this as short-term volatility rather than a definitive trend reversal.

I’m watching volume, funding rates and on-chain flows for confirmation: muted volume on the drop would favor a short-lived correction, while rising outflows and heavy liquidation would raise red flags. I’m also mindful of macro and liquidity cues that could amplify moves.

For now I’m staying cautious — I’ll wait for clear confirmation of support or a resumed trend before increasing exposure, and I’ll size positions to account for continued whipsaw risk.