Currently, from the daily chart level pattern, BTC surged significantly yesterday, but closed with a Bearish line, indicating a large outflow of funds, with strong sell pressure above. Recently, it has re-entered the trading range for consolidation. From the pattern perspective, it is above the support line and in a long positions formation, with the possibility of further pump. The support below is at 116000.

On the four-hour level, MACD has a death cross, and there is a need for a pullback on the short term. Go long around 118000 with a stop loss at 117000, or short at 120500 with a stop loss at 122500.

Weekly level, long positions pattern, with trend line support. From the cycle perspective, the bull market has not ended, and the focus remains on making long positions during pullbacks.