Recently, the price of Bitcoin (BTC) has been fluctuating between $110,000 and $114,000. Market observers point out that $117,500 is a clear resistance level. If BTC can break through this level, it is likely to quickly surge towards the $120,000 mark. However, if the price falls below the $110,000 support, it may directly dip to $104,000.

In terms of Ethereum (ETH), $4,500 is regarded as a key price level. If it stabilizes at this position, ETH is expected to further rise to the $4,700-$4,800 range. However, if it falls below $4,500, it may retrace to the $4,200-$4,000 range.

For the current market, some traders are adopting a range trading strategy. Consider taking a small long position when the BTC price approaches $110,000, and reduce positions or switch to short-term short near $117,000. For ETH, it is recommended to buy in the $4,500-$4,400 range, with a target price around $4,700.

It is important to note that in a market with severe short-term fluctuations, investors should remain flexible and avoid being overly attached to their positions. Setting reasonable stop-loss levels is crucial for controlling risk. Each investor should develop a trading strategy based on their own risk tolerance and investment objectives.

Overall, the cryptocurrency market is currently at a critical technical position, and investors need to closely monitor the price movements of BTC and ETH, as well as the performance of important support and resistance levels. The market may continue to fluctuate in the short term until a clear breakout or dip signal occurs.