#MarketRebound - Bulls Are Back in Control! 🐂

The markets appear to be recovering well. The main indices (Dow Jones, S+P , NASDAQ) and crypto assets nearly all saw fast recoveries after their recent dips. The recovery appears to be a combination of: lower inflation data, bullish sentiment back in the minds of investors, and dovish policy expectations from Central Banks. The tech stocks and growth stocks and more "risk-on" assets like Bitcoin and Ethereum (which are causing the price performance) look to be leading the recovery and many traders are looking at this as a major opportunity to confirm a turning point.

On crypto side, ETH is swinging back up to $2,800 and although BTC has continued to push above some key resistance levels, some of the altcoins we follow are waking up to some price recovering with the rally that is being seen with the general recovery in the market. The volume is starting to pick up and there is momentum building fast, with a lot of the moving averages starting to flip bullish.

Whether this is a short-term bounce or the start to a rally over multi-months will be difficult to determine, but the momentum is there! Traders are looking for confirmation signals as well as support areas right now.