The current Bitcoin price movement displays a subtle balance. From a technical analysis perspective, this recent decline may actually be a potential rebound signal. Long positions investors are closely monitoring the key support level of $123,000; if this level can be maintained, the market is likely to continue climbing. However, if the price falls below $122,100, long positions may face greater pressure. On the other hand, short positions investors are waiting for the price to break below $123,000, which could trigger a broader range-bound fluctuation, causing the market to oscillate between $125,000 and $118,500. This tug-of-war between long and short positions provides market participants with diverse strategic options while also increasing the uncertainty of market trends in the short term. Investors need to closely follow the changes in these key price levels and the shifts in market sentiment to seize potential investment opportunities in this complex market environment.