The crypto market has been quite active these past couple of days. On January 14th early morning, Bitcoin broke through $96,000, and Ethereum surged to $3,300, with 24-hour gains of 4.4% and 7.4%, respectively.

Interestingly, last week, Bitcoin's 30-day implied volatility dropped to 40%, the lowest level since October of last year. Usually, the calmer the market, the closer the major breakout.

Let's look at the factors driving this rally—macroeconomic conditions are gradually stabilizing in January and February, well-known investment institutions are launching new funds worth $15 billion focused on the crypto sector, and the crypto investment ban in South Korea has also been lifted. These are solid positive signals.

Market consensus remains quite clear: Bitcoin is expected to challenge the $100,000 mark in the short term, and Ethereum, after its previous oversold condition, has room for a rebound. The recent panic sell-off is now seen by many as a strategic entry point. As for Ethereum's scalability solutions, its long-term value is also gradually being realized.

In summary, the overall market direction has become quite clear.