#MarketRebound The market is currently experiencing a rebound, with signs pointing towards a potential bigger breakout. Here are some key observations:

Market Trends:

- Bitcoin has jumped above $106,000, and Ethereum is climbing past $2,600, indicating a strong market rebound.

- The S&P 500 and Nasdaq are also showing positive movements, with the S&P 500 at 6,002.40 and Nasdaq at 21,790.60.

Cryptocurrency Performance:

- Bitcoin's surge above $106,000 could be the start of a bigger bull run, with potential targets of $107,000 and $108,000.

- Ethereum's bullish momentum is building, with potential targets of $2,680, $2,750, and $2,880.

Trading Strategies:

- Traders are advised to watch key support and resistance levels, such as Ethereum's support at $2,560-$2,590 and resistance at $2,700.

- Buying opportunities may arise during market dips, and traders should set stop-loss orders to manage risk.

Market Sentiment:

- The Federal Reserve's confirmation of potential rate cuts later this year has boosted market sentiment, potentially leading to increased investment in cryptocurrencies and high-growth assets ¹.