In the 4-hour candlestick chart of Bitcoin, it recently rose and then dropped again. The pressure at the position of 117700 is quite significant, and during the day it basically fluctuates back and forth within a range.

In the 4-hour MACD indicator, the red bars are getting shorter, and the two lines have started to move down from the high, indicating that the momentum for the rise is weakening.

Looking at the daily chart, the bulls still have some strength, but one must be cautious of the risk of divergence.

Operation Suggestion:

Bitcoin can be traded in the vicinity of 117000-117500 🈳, with a target looking towards the vicinity of 115500-114500.