🔥 Brief Market Analysis:

Bitcoin rocketed from $111,800 to $117,300 in the past few hours, showing renewed strength after a period of consolidation.

Ethereum also rocketed higher, jumping from around $4,210 to nearly $4,880, setting fresh momentum above its previous peaks.

The surge follows dovish signals from Federal Reserve Chair Jerome Powell at Jackson Hole, sparking optimism for a potential rate cut and boosting risk appetite.

Traders now eye resistance at Bitcoin’s $124K zone and Ethereum’s $4,900 level. If macro conditions remain supportive, this rally could extend further, but volatility is expected as markets remain highly sensitive to Fed policy cues.