#MarketRebound The market is experiencing a rebound, driven by various factors such as a strong jobs report, easing US-China trade tensions, and a surge in tech stocks. Here are some key updates:
*Market Performance:*
- The S&P 500 has closed above 6,000, marking a full recovery from its early-April dip.
- Nasdaq-linked ETFs, such as Invesco QQQ, have benefited from the upswing, with QQQ priced at approximately $530.70.
- Bitcoin has climbed to $93,000-$106,000, and Ethereum is trading at $2,600-$2,735.10, with a 6.78%-8.04% increase in 24 hours ¹ ² ³.
*Trends and Predictions:*
- The market rebound is expected to continue, with some analysts predicting a bigger breakout or a relief rally.
- The Federal Reserve's potential rate cuts could boost cryptocurrencies and high-growth assets.
- Ethereum's bullish momentum is building, with potential targets at $2,640, $2,690, and $2,750.
- Bitcoin's Golden Cross formation suggests a potential surge to $140,000 ² ¹.
*Key Levels to Watch:*
- Ethereum's buy zone is $2,560-$2,590, with a stop loss at $2,540.
- Bitcoin's momentum is expected to flow into altcoins, potentially leading to 100x-150x pumps in select lowcaps ².