The daily candlestick of the pancake shows consecutive declines, with long upper shadows on the 23rd and 25th indicating selling pressure; a top signal around 117750 in the 4-hour chart, with rising lows and fluctuations. Daily indicators favor bears, with a continuation of weakness in the 4-hour chart, and EMA shows a bearish arrangement.

It is recommended to short between 117800-118300, with a target of 116000. $BTC