#MarketRebound

The market rebound on Binance has been a topic of discussion lately. While some analysts expected a stronger rebound near $62,500, the reality hasn't quite lived up to those expectations.¹ However, there are still opportunities to make gains in this market.

*Current Market Trends*

- Bitcoin is still in a 4-hour decline channel, but you can sell high and buy low within the channel.²

- Ethereum rebounded by $170 from its bottom price, but be cautious of the pressure level near $3,620.

- Solana's Open Interest figures suggest a potential price rebound, with traders actively purchasing the asset.³

*Potential Scenarios*

- The market may find support at around $57,000 or higher and enter a period of consolidation.

- Alternatively, the market may drop below the previous low of $49,000, which could lead to a long-term bullish trend.

- A grinding pattern between $49,000 and $57,000 is also possible, which would require investors to remain calm and patient.

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