On Wednesday, Ethereum received a dual boost from yesterday's favorable news and ETF capital inflows, pushing its price to a new high, nearing the 3850 mark. Meanwhile, Bitcoin's movement was not in sync with Ethereum; it briefly climbed to around 96,700 in the morning before facing resistance and falling back, finding support around 95,200. In the afternoon, Bitcoin made several attempts to reclaim the 97,000 high but ultimately failed. Currently, the market has returned to yesterday's fluctuating range. Bitcoin has accumulated a total of 4679 points today, while for Ethereum, we had already reminded everyone in the morning that its market performance was strong and should be approached with a bullish mindset. It has been proven that Ethereum has accumulated 395 points today. The divergence in the performance of Bitcoin and Ethereum today, with the former bearish and the latter bullish, is indeed satisfying. Now, let us delve deeper into the recent market trends.

From the current market dynamics, the price ratio has repeatedly given back the territory reclaimed by the bulls today, and the market has retraced to the range of around 95,000, maintaining a fluctuating pattern. There are no obvious signs of a continued bearish trend, indicating that a fluctuating range may form in the short term. Further analysis of the 4-hour chart shows a reappearance of a reverse V-shape, with the lower support appearing somewhat weak, suggesting that the price ratio may continue to decline. Therefore, our operational strategy for the midnight period can still maintain a short-selling approach to respond to the current market. As for the Ethereum market, after the U.S. stock market opened, its price continued to rise, but despite the strong market, it experienced a weak pullback. The current pullback strength seems insufficient, and the downward momentum for Ethereum may gradually weaken. Thus, for Ethereum's operations, we are more inclined towards a bullish mindset on the pullback.

Bitcoin can short between 95800-96000, targeting around 93500.

Ethereum can short between 3820-3840, targeting around 3650.