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The daily chart of BTC rose from the lowest point near 114200 to the highest point near 117600 yesterday, closing around 117400. The support level is near the MA7 moving average; if it falls below, we can look to the MA60 nearby. If it retraces, we can consider entering long positions nearby. The resistance level is near 118000; if it breaks through, we can look to around 120000. If it rebounds to nearby, we can consider entering short positions. The MACD shows a decrease in short positions. In the four-hour chart, the support level is near the MA200; if it falls below, we can look to the MA30 nearby. If it retraces, we can consider entering long positions nearby. The resistance level is near 117950; if it breaks through, we can look to around 118950. If it rebounds to nearby, we can consider entering short positions. The MACD shows a decrease in long positions.