The latest market analysis shows that Bitcoin (BTC) may soon experience a fall. Technically, the range of $116,700 to $117,500 is considered an ideal get on board point for shorting. However, investors should be cautious and set a stop loss near $118,100 to manage risk.

If the shorting forces gain the upper hand, we may see the Bitcoin price gradually fall to levels of $114,000, $113,000, or even $112,000. This potential downward trend may present opportunities for short-term investors, but it also reminds long-term holders to stay vigilant.

It is worth noting that the high volatility of the cryptocurrency market means that situations can change rapidly. Therefore, whether considering shorting or other trading strategies, investors need to closely monitor market dynamics and adjust their positions in a timely manner.

In the current complex market environment, risk management is particularly important. Investors should formulate trading plans based on their risk tolerance and investment goals, avoiding excessive leverage or emotional trading.

Overall, although Bitcoin may face downward pressure in the short term, the long-term development prospects of cryptocurrency are still worth paying attention to. Market participants should remain rational and conduct thorough research and risk assessment.