Saturday, October 5th, Upward Movement Stops, Short-term Focus on Pullback Adjustment

The weekly trend has mostly completed, and after continuous stretching, the coin price is currently under pressure in the 14300 area. We have seen good gains as we maintained a bullish outlook to this point. Yesterday, after looking bullish towards 105000, the market showed signs of stagnation, and in the evening, it directly turned bearish, resulting in a slight pullback. Compared to yesterday's trend, the overall movement remains relatively choppy, with opportunities for both bulls and bears. Currently, with high stagnation, we will first look for a pullback in the short term.

From the current daily trend perspective, there isn't much change in the overall rhythm; it still shows a bullish pattern. After a significant upward stretch, there has been a bearish pullback. The pullback force is relatively small, but it must be acknowledged that stagnation is currently occurring. Therefore, we will not chase high prices at this level, especially in such a strong resistance area. The 4-hour chart shows this more clearly, as after continuous highs, there has been a brief period of adjustment with signs of a halt from the bulls. The high position clearly shows resistance, and the halt in upward movement implies a risk of pullback. Thus, in the short term, we won't chase long positions at high levels and will first focus on the pullback situation, with operations primarily based on bearish strategies.

On Saturday morning, it is recommended to short Bitcoin at 103300-103800, with targets focusing on the 102000-101000 range.

On Saturday morning, it is recommended to short Ethereum at 2340-2350, with targets focusing on the 2300-2250 range.