U.S. stocks rebound after five consecutive declines, and the crypto market welcomes a strong recovery!
After experiencing five consecutive declines this week, U.S. stocks finally saw a rebound, with the three major indices closing at daily highs, although they still ended the week lower, with the S&P 500 and Dow Jones down 0.48% and 0.60% respectively. In contrast, the crypto market welcomed a significant rebound at the start of the year, with Bitcoin bouncing back from $91,530, up more than 8%, currently stabilizing at the $99,000 mark, and is poised to challenge the $100,000 threshold at any moment! Ethereum also performed strongly, rising over 18% in the past two weeks, now reported at $3,668.
Although AI agent concept coins have experienced a surge over several days, they are currently facing a correction, but market sentiment remains strong. In the forex market, the dollar index has slightly retreated, while oil prices have risen for five consecutive days, reaching a two-month high, further expanding the gains of U.S. and Brent crude oil. Gold has also seen a correction due to the stronger dollar, but still ended the week up.
The current market is full of volatility; if you can seize the rebound opportunity, it is definitely a “paradise” for technical analysts. Are you ready?
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