Bitcoin has pulled back from its recent peak of $125,000, triggering concerns of a potential short-term correction. Analyst Ali Martinez identified a sell signal on the TD Sequential indicator, suggesting further losses could occur if selling pressure persists. The cryptocurrency may test support around $120,000 if the downtrend continues. Additionally, analyst Ted Pillows pointed out that Bitcoin's momentum has stalled at the $124,000 resistance level, with institutional demand not yet returning. Market participants are closely watching Bitcoin ETF flows to see if buyers can drive the price above the $124,000 mark.