The recent intraday recovery in the crypto market follows Trump’s exemption of smartphones and computers from new tariffs. This stabilization could lead to temporary support in the overall crypto market.
The total crypto market cap is potentially undergoing a three-wave recovery. Although wave 5 of a bearish impulse could lower prices, an ABC corrective recovery may target the 3 trillion USD resistance area.
A completed wedge pattern within wave C suggests a possible bullish cycle ahead. Observing the wave B pullback is crucial as the market anticipates further upward movement towards the 3 trillion USD mark.
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