After a surge yesterday, the pancake has entered a top consolidation state on the 4-hour level, indicating that the short-term rally has come to an end. Coinciding with the weekend, market fluctuations are not expected to be significant. Focus can be on the upper and lower boundaries of the 4-hour consolidation range:
From a broader perspective, one can consider positioning for a long below the bottom of 116600, with initial targets at 118300 and a breakthrough looking at 121400! $BTC