Currently, Bitcoin has broken through $109,000 and Ethereum has stabilized at $2,700, primarily driven by the return of institutional funds, improved macro sentiment, and technical breakthroughs. The key to short-term trends lies in whether BTC can hold the $105,000 support; if it stabilizes, it may challenge the $120,000 to $140,000 range, while conversely, it may retreat to the $95,000 to $100,000 range. Meanwhile, Nasdaq plans to include XRP, SOL, and others in its crypto index; if the SEC approves this in November next year, it will significantly enhance the institutional recognition of these altcoins, possibly changing the market structure and making them the "new blue chips". In terms of investment strategy, it is recommended to maintain a core position in BTC/ETH and moderately allocate to potential ETF candidates like SOL and XRP, but be cautious of volatility before policy implementation. Overall, the sustainability of this market trend depends on ETF fund flows, macro data, and regulatory developments; investors should remain flexible and pay close attention to the SEC's decision in November as a key catalyst.