The bullish rebound in the cryptocurrency market means that the price of the currency rises after it had fallen. This increase may be part of a corrective wave or the beginning of a new bullish trend.

Reasons for the bullish rebound:

Short-selling liquidation:

Liquidation of short-selling positions may lead to an increase in the price of the currency as traders cover their losses by buying the currency.

Technical support:

There may be technical support areas, such as trend lines or moving averages, that help stop the decline in the price of the currency and allow it to rebound.

Resistance retest:

After breaking through a resistance level, the price of the currency may rebound to this level to retest it, potentially leading to the continuation of the bullish trend.