Yesterday, the Bitcoin market experienced a significant pump, pushing the price back above $100,000. This trend aligns with our previous analysis and exhibits the technical characteristics of an oversold rebound. However, market participants should remain cautious, as the long-term downwards risk still exists if Bitcoin cannot break through and stabilize at the new high.

Currently, the price of Bitcoin is hovering above $100,000, and it is expected to show a wide range of fluctuations in the short term. Investors should closely monitor whether it can break through new highs and maintain stability, as this will be a key indicator for judging future trends. In the short term, the resistance level for Bitcoin is at $108,500, while the support level is at $103,500.

Meanwhile, Ethereum has shown a strong rebound momentum, but it should also be noted that its previous fall was significant. The upper resistance level currently faced by Ethereum is at $2,500. If it can break through and stabilize above $2,700 in subsequent trades, the market may welcome new opportunities. Currently, the lower support level for Ethereum is at $2,350.

Overall, the cryptocurrency market is still in a sensitive period, and investors need to remain vigilant, closely monitor price trends and key support and resistance levels, in order to adjust their investment strategies in a timely manner.