#ETH# The Bitcoin market has recently undergone a significant adjustment. As of the latest data, the price of Bitcoin hovers around $117,000, down 1.85% in the last 24 hours. This trend is closely related to the bill recently signed by Trump, which caused Bitcoin to drop from a high of $121,000 to the range of $117,000-$118,000.

Market sentiment is becoming cautious, and selling pressure has eased. It is worth noting that on-chain data shows that approximately 20% of the Bitcoin supply is concentrated in the current price range, which means that even small fluctuations could trigger significant market reactions.
In the short term, the price of Bitcoin shows a fierce battle between buyers and sellers on the four-hour chart. Although the price has fluctuated in the short term, every time it attempts to rise to a high level, it faces resistance. However, from a longer time frame, the market is still in a wide range of fluctuations, and the key support and resistance levels have not been effectively broken.
For Ethereum, its price is currently fluctuating in the range of 3640-3660 USD, with resistance above near 3690 USD.
Investors should closely monitor market trends and operate with caution. In the current market environment, short-term trading remains the primary operational strategy. However, given the uncertainty of the market, it is recommended that investors fully assess the risks before making any decisions and develop an investment strategy that suits their personal investment goals and risk tolerance.