The cryptocurrency market has recently experienced significant volatility, with the overall trend of Bitcoin and Ethereum showing a falling trend. At the beginning of this week, the market faced a sharp decline, and although there was a slight rebound afterwards, the downward trend continues.

From a technical analysis perspective, Bitcoin has formed a Evening Star candlestick pattern, while the moving average system shows a bearish arrangement. These indicators suggest that the current market has strong downward momentum. This technical performance reflects a cautious sentiment among investors, and the market may face further adjustments.

In this market environment, investors need to be particularly cautious. For short-term traders, it may be worthwhile to look for shorting opportunities near $112,500, while a short-term rebound may occur around $111,000. Similarly, Ethereum is facing similar pressures, with potential shorting points near $3,900 and buying opportunities around $3,800.

However, we must emphasize that the cryptocurrency market is highly volatile and uncertain. Investors should conduct comprehensive market analysis and develop appropriate trading strategies based on their risk tolerance before making any trading decisions. In addition, continuously monitoring global economic conditions, changes in regulatory policies, and technological developments is also crucial for grasping market trends.

Overall, the current cryptocurrency market is in a sensitive period. Whether long-term investors or short-term traders, it is necessary to remain vigilant and adjust strategies in a timely manner to cope with market uncertainties.