Is this crypto market a reversal or just a rebound? If it's just a short squeeze, it's a rebound, not a reversal. If there's capital follow-through, it could evolve into a reversal. That said, no one can be 100% certain whether it's a rebound or a reversal. September's Clarity Act might be the biggest catalyst, but the chances of it passing are low—more like a sliver of hope.