**The Consolidation and Recovery Continues, Bulls and Bears Battle at Key Levels**

Market sentiment has been quite subtle these past couple of days. Bitcoin is hovering around $89,000, moving hesitantly—within the $88,000 to $90,000 range. The bulls want a breakout, while the bears are holding the line tightly.

To be honest, the $88,000 support is still holding up pretty well. If this line holds in the short term, there’s still momentum for a rebound. But the real test is at the $93,000-$95,000 barrier. Only a breakout above this level would signal the start of a new rally. Otherwise, we’ll just keep fluctuating within this range.

ETH is following the overall market trend, and the total market cap has shrunk this week. What’s even more frustrating is that, despite some signs of price recovery, choppy markets are especially punishing—over the past 24 hours, more than 130,000 traders were liquidated across the network, totaling as much as $425 million. It’s really tough for derivatives traders right now.

**Traditional Financial Giants Are Making Serious Moves**

However, there are two pieces of news worth noting:

Bank of America has officially announced that, starting January 5 next year, its wealth advisors will be allowed to proactively recommend crypto asset portfolios to clients, and they’re removing asset threshold requirements. This is no small move—when a traditional financial giant does this, it means crypto assets are truly starting to reach mainstream audiences.

Even bigger news is coming out of Texas. The Lieutenant Governor of Texas has publicly stated that the state is purchasing Bitcoin. This is a milestone event—allocating BTC at the state government level sends a very strong signal.

In the short term, the $88,000-$90,000 range will likely be tested repeatedly, but in the medium and long term, the pace of institutional entry is clearly accelerating. Be patient and wait for a breakout at the key levels.