Recently, the cryptocurrency market has shown a downtrend, with Bitcoin and Ethereum both experiencing significant falls. Bitcoin has broken through the important support level of 114300, showing a smooth downward trend. Market analysts expect the next target range to be between 112500 and 111000. If the price dips back to this area, investors may consider small-scale positions for a rebound, but they should cautiously manage risk, suggesting only using a 2% position and setting the stop-loss point below 110000. If the price continues to dip, an additional 2% position may be considered.

In the short term, the rebound pressure range for Bitcoin is between 114500 and 115000. If it cannot break through this pressure zone, the downtrend may continue. Only an effective breakthrough of this range could initiate a new round of rebound, at which point the upper targets may point to a pressure zone of 116700 to 117500.

Meanwhile, Ethereum is testing the support level of 4160, but the strength of support at this position seems limited. If this support level is broken, the price may directly dip to the range of 4047-4010, and it could even fall further to the range of 3870-3810. During night trading, investors need to closely monitor the pressure range of 4250-4300. If this range cannot be broken, market sentiment may remain bearish. Only a strong breakthrough of the 4300 resistance level could potentially reverse the current downtrend, at which point the upper target may point to around 4415.

In the current market environment, investors should remain vigilant, closely monitor market trends, and operate cautiously. At the same time, they should pay attention to changes in macroeconomic factors and regulatory policies, as these factors may have a significant impact on the encryption currency market.