According to the latest Technical Analysis, Bitcoin (BTC) is facing significant downward pressure in the short term. Currently, the BTC price is approaching the daily chart S3 support level, and the short positions momentum is evident. However, on the 12-hour time frame, the price is still hovering between the moving averages, and investors should closely monitor whether the lower support can trigger a Rebound.

The 12-hour chart shows that BTC is in a consolidation phase. The price is fluctuating between EMA21 and EMA9, without a clear direction yet. The key points of concern are the breakout or breakdown of 114,648 (weekly S1) and the 117,087 moving average range.

The 4-hour chart shows a moderate bearish trend. The closing price is below the EMA9 and EMA21, and lower than the weekly pivot point of 119,051, with momentum leaning towards the short positions.

The 1-hour chart shows a strong bearish trend. The price has fallen below the daily chart S2 and tested S3, positioned below the Session VWAP and in a downtrend. The RSI is at a low level but has not yet shown a divergence signal.

Based on the current market conditions, the short-term trading strategy leans towards short positions. Consider looking for short opportunities in the range of 116,315 to 116,560. If the price breaks below 115,457, additional short positions can be added, with a target set at 114,648. However, investors should be cautious in setting stop-losses, and it is recommended to set the stop-loss above 116,560 or 117,600.

It is worth noting that the 12-hour chart has not formed a clear trend, so it is not recommended to heavily short positions. Investors should closely monitor whether the key support level of 114,648 is effectively broken.

Overall, the short-term outlook is bearish, the medium-term is also bearish, while the long-term remains neutral. For options traders, it may be considered to use a short-term put spread strategy (116k/114k), or construct a short straddle strategy within the 114k to 118k range, depending on market volatility.

In the current market environment, investors should remain cautious, closely follow market changes, and adjust their strategies in a timely manner. At the same time, attention should also be paid to risk management, setting stop-loss levels reasonably to avoid excessive exposure to risks in a single direction.