The daily chart of the pancake dropped from the highest near 116700 yesterday to the lowest near 112650, closing around 112800. The support below is near MA90; if broken, it can be seen down to MA120. A pullback can be used to enter long positions nearby. The resistance above is near the MA7 moving average; if broken, it can be seen up to 118650. A rebound to the nearby area can be used to enter short positions. MACD shows increasing bearish momentum. On the four-hour chart, the support below is near 112500; if broken, it can be seen down to 111350. A pullback can be used to enter long positions nearby. The resistance above is near MA360; if broken, it can be seen up to 115450. A rebound to the nearby area can be used to enter short positions. MACD shows decreasing bearish volume $BTC .