Large pancake $BTC, weekly level top pattern, the bearish candles in the last two weeks have increased in volume, the weekly MACD has crossed down showing signs of a dead cross. The low point of yesterday's spike was 110400+, which I believe is a very critical position. If it breaks down again, the weekly chart will directly move to the previous consolidation range, and the next rebound's low and high points will synchronously decrease, which means the possibility of bouncing back to 118-12 becomes very small.

However, it has not yet broken down, so there is still hope. Looking at the four-hour chart, yesterday's spike position is the previous starting point, providing support, with intraday support in the range of 11.1W-11.15W and resistance at 11.14W.