Market Overview - Bitcoin and Ethereum experienced significant declines, with Bitcoin dropping to a recent low of $112,015 and Ethereum reaching a low of $4,204, indicating a downward trend in the market [1][3] - In the last 24 hours, a total of 77,470 traders were liquidated, with a total liquidation amount of $223 million, including $152 million from long positions and $71.58 million from short positions [1][2] Bitcoin Analysis - Bitcoin is currently facing resistance at $114,500 and is testing the support level at $112,000. A failure to break through these levels may lead to further declines below $100,000 [3][4] - There is speculation about a potential MACD death cross on the weekly chart, which could indicate a market top and the onset of a bear market, although some analysts believe this could be a false signal [4][6] Ethereum Analysis - Ethereum's trading volume has been increasing, with both institutional and retail investors actively buying. The key support level is at $4,160, and the price remains in a short-term upward trend despite recent declines [9] - Short-term trading strategy suggests shorting Ethereum at $4,340-$4,370 with a stop loss at $4,400 and a target of $4,270-$4,240 [10] Investment Strategies - The current market conditions suggest that the most stable investment opportunities lie in Ethereum, while altcoins may offer short-term trading opportunities but come with higher risks [12][13] - The upcoming Federal Reserve interest rate cuts may provide a buying opportunity for investors looking to capitalize on market dips [8][14]