On Wednesday evening, October 4, 2023, after the U.S. stock market opened, all major indices declined, and the cryptocurrency market was also affected to some extent. Bitcoin and Ethereum experienced a pullback in their prices. Although there was some room for movement, they did not break out of the range. In the short term, they are still oscillating within a box pattern. After the short positions in Bitcoin gained nearly 2000 points, the price began to pull back again, then stopped and started to rebound, flipping positions directly. That evening, both short and long positions gained over 1500 points, with Ethereum also capturing over 120 points! Currently, Bitcoin is trading around 93,800. After the price dipped down to the 92,800 level, it rebounded again. The technical indicator MACD shows that the downward momentum is weakening and the market is beginning to turn. The EMA indicates an overall bullish market, although there is a need for short-term adjustments, the larger trend has not changed and remains oscillatory with a bullish tendency. Therefore, in the midnight operations, the focus should still be on going long at lower prices, and there is no need to short for now! Regarding Ethereum, after the price retraced to 1,730, it rebounded again, with effective support. The overall rhythm is still in the oscillation range. The 4-hour K-line has formed multiple long upper shadow candles, indicating that there is still some selling pressure in the market. The price has shown accelerated pullbacks, indicating strong selling power in the short term. The technical indicator MACD remains dominated by a bearish trend, and the EMA shows significant pressure on both short-term and medium-term moving averages, while long-term support still exists. This means that as long as the support around 1,730 is maintained, the bulls can continue to hold their positions without rushing to exit. The target remains unchanged, with continued focus on the 1,830-1,850 area above. At the same time, remember to manage risk well! On Wednesday midnight, Bitcoin's price near 93,200 can be reduced and held, taking some profit first. For those who have not followed up, if the price gives another pullback to around 93,000, it can still be a long position. The upper target continues to focus on the 95,000 level, and for Ethereum, the 1,730-1,750 area can continue to be held, with a target focus on the 1,830-1,850 area!