Trader Peter Brandt predicts a major S&P 500 rally; Bitcoin price rebounds amid US-Iran peace deal news.

Veteran trader Peter Brandt forecasts a significant rally in the S&P 500, with futures nearing $7,550 and a potential rise to $7,904, driven by positive market sentiment after the US-Iran peace deal announcement. Bitcoin also rebounded over 3%, boosted by the peace deal and falling oil prices, but it remains in a descending channel and needs to hold $65,000 support for further recovery. Investors are watching the upcoming FOMC meeting for cues on US monetary policy, while Bitcoin futures show bullish sentiment with increased trading volume and open interest.