The overall sentiment of Bitcoin on October 4, 2023, has shown a downward oscillation structure, with a lengthy period of sideways movement. The strategy of high selling and low buying within the range has provided a space of over 1000 points. After breaking through 95000 to reach a recent high of 95769, it has since intermittently dipped below, and although it broke 94000 in the evening, it did not exhibit strong continuation, instead adjusting around that level. The evening performance still holds. On the other hand, Ethereum has shown an opposite trend, first oscillating upward to reach a recent high of 1841 before retracing to around 1800 for adjustments.

# The Future of Ethereum

On the four-hour chart, the intraday pullback has slowed the upward trend of the three lines, making it difficult to see a rapid rise in the market in the short term, while also making it hard to break through effectively. Technical indicators have returned to normal, all trending downward, indicating that there is still room for further pullback, with attention on the 93800 level below.

On the hourly chart, the volume of the upward trend is gradually decreasing, and the lower line is turning upwards, showing clear signs of halting the decline; however, the middle line of the four-hour chart coincides with the lower line of the hourly chart around 93800. In the short term, if a pullback breaks this level again, the long and short positions may need to switch, potentially leading to a continuation towards the 93000 level before rebounding. Technical indicators are temporarily diverging, but as the volume increases, it will gradually return to normal, with the subsequent focus remaining on oscillation.