Bitcoin has surged past $110,000 amidst strong U.S. employment data, boosting market sentiment. The cryptocurrency was recorded at approximately $109,800 after reaching a daily high of $110,590. The report indicated 147,000 new jobs in June, lowering the unemployment rate to 4.1%, which fueled optimism in the market. Nonetheless, the price fluctuations show a consolidation phase, with Bitcoin currently navigating a weak trend strength. The Relative Strength Index (RSI) suggests bullish momentum is intact, while the Average Directional Index (ADX) indicates a potential for significant price movements soon. The support level is observed at $108,000, with immediate resistance hitting the psychological barrier at $110,000. In contrast, Ethereum displayed slight upward movement trending near $2,600, indicating a neutral market stance. Despite a bearish 'death cross' forming in its moving averages, Ethereum's price action suggests increasing buyer confidence. The anticipation of volatility expansion in both assets suggests traders should prepare for potential upcoming movements in the crypto market.

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