Israel’s redemption and the redemption the psalmist sought in this passage point to the work of Jesus. God redeemed all His chosen people by ransoming them from the oppression of sin, again in two ways: at the expense of the enemy of our soul, who was bound with all his angels and is destined to eternal condemnation; and at the price of Jesus. By binding the devil and taking our sins on Himself, Jesus redeemed us from sin’s oppression and set us free to live according to the Law of liberty and love.