The market is still in a state of fluctuation and consolidation. The price of Bitcoin tested resistance around 107,000 at noon, leading to a certain pullback, with the price showing a pattern of making higher highs, gradually stabilizing around the 106,000 level. Ethereum has finally not underperformed as in the past and has, after a long absence, re-stood above the 4,000 mark. The market's focus is entirely on Bitcoin now. Capital flow is piling into Bitcoin like a crowd at a market, with a clear goal: to reach a new high and stabilize at a new level!

However, what happens after Bitcoin reaches a new high? According to historical patterns, Bitcoin will need to take a breather, and it is highly likely that it will enter a period of consolidation. This sideways movement is an opportunity for altcoins like Ethereum; it’s not that it can’t happen, but the time has not yet come. The market will eventually benefit all, rather than Bitcoin charging upward mindlessly. Why is there a polarization now? The root cause lies in the volume of market capital. The last interest rate cut has already approached an upper limit in terms of capital influx, and the market's energy can only push Bitcoin higher. To break this situation, we need to see the Federal Reserve cut rates again and inject liquidity! The so-called timely rain is likely to come this Thursday. At that time, the market will be fueled further, and it will be the time for Ethereum and other altcoins to shine.

In this bull market, Bitcoin has already broken through the previous bull market's high of 69K, reaching 107K, while Ethereum is still hovering around 4,100, still short of the last bull market's high of 4,800. In the bull market cycle, Ethereum's current state is indeed not balanced enough. However, let’s not forget that Grayscale's sell-off is gradually being absorbed by new capital, especially with giants like BlackRock entering the market, injecting strong buying power. This is a signal that Ethereum is warming up, and takeoff is just a matter of time.

Tonight, there will be November sales data, followed by third-quarter current account data tomorrow night, and then early the day after tomorrow, there’s the Federal Reserve's interest rate meeting, along with the ultimate package of GDP and PCE data. The market volatility following these data releases looks like a good opportunity for going long. Everyone should keep an eye on the lows, take profits in time, and the highs will keep getting higher.

In conclusion, as the market is about to reach 110,000, don’t fear heights; 100,000 is just the beginning. Whether the market is increasing USDT issuance or continuing to see capital inflows, the market sentiment and performance are in a positive and good state. Therefore, it’s advisable to continue buying on dips.