The market experienced a full-scale Fan rebound, with Bitcoin approaching the 104,000 level and Ethereum reaching a high of around 3,473. The altcoin sector shifted to a hot spot, with old coins showing strong Fan rebounds. Yesterday, Bitcoin's price action demonstrated a "first rebound, then retracement, followed by explosion" three-stage pattern. The early trading session saw Bitcoin initiate a Fan rebound from around 100,600, with bullish momentum gradually building, pushing the high to around 104,080. However, it failed to break through the You effect and subsequently pulled back.

Notably, the low point of this retracement triggered strong buying support, which may signal the start of a significant Fan rebound phase. Considering the decreased trading activity and reduced market liquidity over the weekend, the expected volatility is not likely to be substantial.

Ethereum also experienced a strong bottoming Fan rebound, with the current high near 3,470. It is temporarily under pressure, entering a short-term consolidation phase.

Currently, Bitcoin faces resistance at around 105,000, with short-term support at 100,000; Ethereum's short-term resistance is at 3,500, with the market showing potential for a breakout above short-term resistance, and support at 3,000.