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After the strong decline we've seen over the past few days, initial signals are beginning to appear indicating a possible rebound wave soon on some major cryptocurrencies, especially:
$BTC | $ETH | $SOL | $BNB
According to our CryptoMaxx SMC-SK System indicator reading, and by monitoring the current price behavior, we notice that prices have reached short-term demand and accumulation zones after the sharp drop, and a kind of consolidation is starting to form from the recent lows.
But it is very important to clarify a point:
I am not talking here about a confirmed reversal of the overall trend, but about a potential corrective rebound within a larger bearish wave. This means the market might give a good rebound, but confirmation is still needed.
🔹 BTC
Currently trading near an important support zone between $61,000 and $62,000. Holding above this zone could support a rebound toward approximately $65,000 then $68,000.
🔹 ETH
A kind of stability is beginning to appear after the strong decline. Reclaiming the $1,720 area could open the way for a rebound extension toward roughly $1,830–$1,840.
🔹 SOL
Moving around a support zone between $62 and $64. If the rebound is confirmed, we might see an attempt to rise toward $68 then $77 approximately.
🔹 BNB
Trading near a support zone after the recent drop. Staying above the $580–$595 range could support a rebound toward about $632–$645.
Summary:
The market is currently in a very sensitive area.
The most likely technical scenario is a short- to medium-term rebound to retest higher supply and liquidity zones.
But confirming this scenario requires:
Price stability above current support zones.
A break of another minor high on the 4-hour chart.
Clear buying volume appearance.
Not breaking the recent lows.
If the market breaks the current lows again, the rebound scenario weakens, and we might see a new downward wave.
The market could present an excellent rebound opportunity, but confirmation is more important than prediction.
Good luck to everyone ❤️