Matt 2:4-6 “When [Herod] had called together all the people’s chief priests and teachers of the law, he asked them where the Messiah was to be born. ‘In Bethlehem in Judea,’ they replied, ‘for this is what the prophet has written: ‘“But you, Bethlehem, in the land of Judah, are by no means least among the rulers of Judah; for out of you will come a ruler who will shepherd my people Israel.”’
Matthew, quoting Micah 5:2, is predicting that, as messiah, Jesus will restore the kingdom of David. He will rule over Israel. We don’t see that happening yet. That is the ‘high peak’ of the fulfilment of prophecy. But, as is common in climbing a mountain, a nearer peak obscured a valley between it and the high peak. In other words, Micah saw the two peaks: the first was the coming of messiah and the second his ruling over Israel. We now live in the ‘valley’ between the two. The Lord has redeemed us through the cross and resurrection but soon we shall reach the ‘high peak’ when Jesus returns.