#MarketRebound

The market rebound refers to a recovery in the market after a decline, often driven by buyers stepping in at lower prices. Currently, the crypto market is showing signs of recovery, with Bitcoin climbing to $93,000 and Ethereum at $2,633.66, up 3.9% in 24 hours.

*Key Market Trends:*

- *Bitcoin*: Recently jumped above $106,000, with predictions of reaching $107,000 or even $108,000. A Golden Cross formation suggests a potential surge to $140,000.

- *Ethereum*: Saw a strong liquidation of short positions, with bullish momentum building. Key levels to watch are $2,560-$2,590 as a buy zone, with targets at $2,640, $2,690, and $2,750.

*Market Analysis:*

- *Bullish Sentiment*: Increasing buying pressure and momentum indicate a potential trend reversal.

- *Support and Resistance*: Key levels to watch for Bitcoin are $103,000 (support) and $106,000-$106,500 (resistance). For Ethereum, support is at $2,590, with resistance at $2,700.

*Trading Strategies:*

- *Buy the Dip*: Waiting for the market to drop before buying can be a profitable strategy.

- *Risk Management*: Setting stop losses and taking partial profits can help manage risk ¹.