Is the market of $BTC $ETH about to peak? The 112000-112500 range has become a critical life-or-death line!

The current market is fiercely attacking the strong resistance range of 112000 to 112500, where pressure is significant. It is normal for it to test this level multiple times before retreating. However, I judge that this is not a signal of market collapse, but more likely a mid-stage adjustment, with room for continuation after a brief correction.

If it can strongly break through this key level and stabilize, the next target will be aimed directly at 116900. As for whether it can reach a new high afterward, it is currently difficult to assert; we need to take it step by step.

Conversely, if the market turns downward, the area around 109700 may become an important support level during the adjustment process. If it falls to this range, it might be an opportunity to set up long positions, but caution is needed to avoid entering blindly.

It is especially important to note that if the support level of 108500 is broken, the nature of the market may change, and a downward trend may begin. Therefore, 108500 is the last line of defense for bulls, and if it is breached, one must decisively exit the market.

Why has the market been so strong recently? The main players have been quite clever in their operations: first, they significantly raised prices to open up upward space, and when subsequent interest rate cut news lands, even if there are profit-takers exiting, there is enough space for adjustment and consolidation. After the consolidation ends, it cannot be ruled out that a larger wave of main upward market may arrive.