Wave after wave, washing the plates. When BTC breaks below 117,000, it will turn bearish in the short term, support turns to resistance, which is unavoidable. Therefore, the long position defense was set at 117,500 yesterday. Today there will be a pullback, and another wave. The next support point is 114,425, which is a weak support. Here the bulls cannot hold on, and can only take short positions for profit. The bulls will have to retreat to around 112,000.