During the midnight U.S. market session, Bitcoin staged a dramatic deep V reversal. The price surged strongly from a low of 101,270, breaking through the 104,000 level in one go, effectively crushing the short sellers' defense line, leading to large-scale liquidation of short positions, and the market's panic sentiment quickly dissipated, significantly increasing the enthusiasm for short-term going long. Ethereum also synchronized its rebound rhythm, with the price quickly rising to around 2595 USD, resonating with Bitcoin's movement. However, the subsequent pullback after reaching a high was quite substantial, and it has now retraced to around 2540.