Crypto market sharply rebounds after Trump said that US cryptocurrency reserve

Gregor Horvat Wavetraders

Hello Crypto traders! We talked about Crypto market on February 25, where we mentioned and highlighted a higher degree wave 4 correction that can resume the bullish trend for wave 5.

TOTALCAP 4H Chart From February 25 2025

As you can see today on March 3rd, Crypto market made a sharp rebound during the weekend, as Trump said that United States cryptocurrency reserve will boost this critical sector. So, with the current recovery back to 3.0T area, seems like complex WXY correction in wave 4 is finished and wave 5 now in play, thus more upside can be seen, especially if breaks channel resistance line, just watch out on short-term pullbacks.

TOTALCAP 4H Chart From March 03 2025

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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