The recent surge in Bitcoin breaking $109,000 and Ethereum stabilizing at $2,700 is primarily driven by the return of institutional funds, improved macro policies, and technical breakthroughs. In the short term, if BTC can hold the support level of $105,000, it has the potential to reach the range of $120,000 to $140,000; conversely, it may pull back to $95,000 to $100,000. ETH, supported by the favorable conditions of staking ETFs and the L2 ecosystem, may accelerate its rise after breaking $2,800. It is recommended that investors remain cautiously optimistic, considering gradually building positions at key support levels while paying attention to SEC policy trends and changes in macroeconomic data. Although the current market shows an upward trend, the characteristics of high volatility remain significant, and risk management should be prioritized.