The daily chart for the pancake dropped from a high of around 124600 yesterday to a low of around 117150, closing at around 118250. Support is located around 115000; if broken, we could see a move towards MA60. A pullback could be an opportunity to buy nearby. Resistance is at around 120300; if broken, we could see new highs. The MACD shows a decreasing bullish momentum with signs of forming a death cross. On the four-hour chart, support is near MA200; if broken, we could see a move towards MA90. A pullback could be an opportunity to buy nearby. Resistance is at MA30; if broken, we could see around 121000. A rebound to nearby levels could be an opportunity to sell short. The MACD shows decreasing bearish momentum $BTC .