#MarketRebound - Bitcoin has jumped above $106,000, and Ethereum is climbing past $2,600, indicating a strong market rebound.
- The S&P 500 and Nasdaq are also showing positive movements, with the S&P 500 at 6,002.40 and Nasdaq at 21,790.60.
Cryptocurrency Performance:
- Bitcoin's surge above $106,000 could be the start of a bigger bull run, with potential targets of $107,000 and $108,000.
- Ethereum's bullish momentum is building, with potential targets of $2,680, $2,750, and $2,880.
Trading Strategies:
- Traders are advised to watch key support and resistance levels, such as Ethereum's support at $2,560-$2,590 and resistance at $2,700.
- Buying opportunities may arise during market dips, and traders should set stop-loss orders to manage risk.
Market Sentiment:
- The Federal Reserve's confirmation of potential rate cuts later this year has boosted market sentiment, potentially leading to increased investment in cryptocurrencies and high-growth assets ¹.