Bitcoin surged past $114,000 as a result of favorable inflation data and positive job revisions, with expectations for a Federal Reserve rate cut. Major altcoins have also broken resistance levels, signaling renewed upward momentum. For Bitcoin, a close above the 50-day simple moving average at $114,668 paves the way for further gains, while drops below $109,329 may trigger declines to $107,000. Ether remains trapped between $4,250 and $4,500, with potential upward movement above $4,500. XRP shows signs of strength if it breaks the downtrend line. BNB may rise towards $1,000 if it maintains above $900, while Solana aims for $240 after rising past $218. Dogecoin is targeting $0.26, whereas Cardano’s bullish outlook hinges on closing above its downtrend line. Chainlink needs to surpass $24 for bullish momentum. Hyperliquid and Sui also exhibit positive trends if key resistance levels are exceeded. Overall, market sentiment is bullish, but traders advise caution as corrections may occur, urging investors to conduct their own research before making decisions.

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