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The latest market data shows that the price of Bitcoin (BTC) is currently hovering around 113,000, with a slight pullback of 0.71% today, indicating some signs of weakness. From a technical analysis perspective, adjustments may continue in the short term. Investors need to closely follow the important support level of 112,000; if it falls below this level, it may further dip to 111,000. For investors looking to build a position, it is recommended to patiently wait until the price rebounds above 113,800 before considering getting on board, as this can enhance safety.
Ethereum (ETH) has slightly outperformed Bitcoin, only falling by 0.17%, with the current price around 4,285. Its key support level is at 4,200; as long as this level can be maintained, the overall trend can remain stable. For investors optimistic about Ethereum, it may be worth considering a small-scale Build a Position near 4,200. If a Rebound occurs, the target can be set in the range of 4,320 to 4,350.
Overall, the current cryptocurrency market is still in a correction phase. It is advised for investors to remain cautious and not be overly aggressive. A reasonable strategy is to retain some capital and wait for the market to stabilize before making decisions. Pay close attention to Bitcoin's support level at 112,000 and Ethereum's support level at 4,200; the performance of these two key levels will have an important impact on the short-term trend.