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Bitcoin briefly surpassed $110,500 as strong U.S. employment data fueled risk appetite across markets. Ethereum showed resilience near $2,600, while Solana meme coin Bonk surged 10%. Traders weighed positive macro signals amid mixed technical indicators.
- Bitcoin broke a 39-day bearish channel with RSI at 60, suggesting room for upward movement before overbought conditions.
- U.S. labor data exceeded expectations with 147K new jobs, lowering unemployment to 4.1% and reducing expectations for Fed rate cuts.
- Ethereum shows resilience near $2,600 despite a 'death cross' technical pattern, with squeeze momentum indicating potential volatility ahead.
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