The daily chart of the pancake shows that the recent price has entered a period of consolidation after significant fluctuations. On August 22, there was a sharp rise forming a long bullish candlestick, but it was followed by two consecutive days of bearish closes, indicating signs of a high-level pullback. On the 4-hour chart, the current candlestick is gradually rebounding from the low point, but there is significant resistance at 114000 above.
Therefore, we can consider a short position below 114 $BTC