Recently, the cryptocurrency market has shown a clear downtrend, especially for the two major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). From a medium-term perspective, the price of BTC has been continuously falling since its peak, and the bearish trend has been clearly established. This falling process has demonstrated significant coherence and strong momentum, reflecting the overall bearish sentiment in the market.

Although BTC experienced a brief rebound near $114,605, this seems more like a phase correction within a bearish-dominated pattern rather than a fundamental reversal of the trend. This weak rebound has not had a substantial impact on the overall downward pace, and the market still needs to be wary of further downward pressure that may be brought about by bearish forces.

For traders, BTC may have shorting opportunities in the range of 116500 to 117400 USD, with a target price around 114000 USD. Similarly, ETH also shows a similar trend, with shorting opportunities possibly appearing in the range of 4350 to 4390 USD, and a target price around 4200 USD.

However, it should be emphasized that the cryptocurrency market is constantly changing, and these target price levels are for reference only and should not be considered as absolute accurate predictions. Investors should closely monitor market dynamics, flexibly adjust strategies, and manage risks wisely. In this uncertain market environment, protecting existing profits is particularly important, as it will help investors maintain competitiveness in the long-term market.

Overall, the current cryptocurrency market is still in a continuation phase of the bear trend, and may face further downward pressure in the short term. However, the market is always full of variables, and investors need to remain vigilant and be prepared to respond to potential market reversals.