#MarketRebound

The market is experiencing a rebound, with various assets showing signs of recovery. Here are some key updates:

Cryptocurrency Market

- *Bitcoin (BTC)*: Priced around $106,000, with a potential target of $107,000 or $108,000. The Golden Cross formation on the daily chart suggests a bullish trend, with possible targets at $140,000.

- *Ethereum (ETH)*: Trading at $2,633.66, with a 3.9% increase. Strong liquidation of short positions indicates bullish momentum, with potential targets at $2,700, $2,780, and $2,850.

Stock Market

- *S&P 500 (SPX500/USD)*: Currently priced at 6,002.60, with a -0.07% change.

- *Nasdaq (NAS100/USD)*: Priced at 21,787.20, with a -0.06% change ¹

Market Analysis

The recent market rebound might be attributed to the Federal Reserve's confirmation of potential rate cuts later this year, boosting investor confidence. Traders are advised to:

- *Monitor volume*: High volume during rebounds indicates stronger market movement.

- *Set stop-loss*: Manage risk by setting stop-loss levels, such as $2,540 for ETH.

- *Watch for breakouts*: Assets like $ENA and $HUMA show potential for breakout trades.

Keep in mind that market predictions are subject to change, and it's essential to stay informed and adapt to market fluctuations.