The marketcap has been moving down (-0.39%) since yesterday. The total capitalization is 295.204.462.789 USD.
Bitcoin totals 202.935.568.690 USD of capitalization for a dominance of 68.80%.
Ethereum’s marketcap is 22.526.390.061 USD, followed by Ripple with 12.809.558.865 USD.
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Bitcoin has been trading around $11,500 for a few sessions now after testing the $12,000 level the previous week. The daily technical situation is now negative and a test of last week’s weekly open is not impossible.
On a 4-hour horizon, the technical situation is also rather neutral, which is typical of a range trading situation. Indeed, the MACD seems ready to cross the rise, the CCI is above the level of -100 but turns around and the WaveTrends has given a new buy signal.
What to do about it?
As you can see on the graph, there are two immediate possibilities, the break of last week’s weekly, downwards and a probable evolution towards the monthly. The second possibility is a rebound on the blue line or a break in the green and an evolution towards new higher ones. As you will have understood, the situation is highly uncertain in the market at the moment, which is why we recommend that you do not trade and wait for a break, on one side or the other to position yourself.
- The supports of the day are at 11200$ – 10986$
- The resistances of the day are at 11500$ – 12000$
The technical situation is quite similar to that of the Bitcoin, very little movement with a rather negative bias on the daily horizon indicators.
On a 4-hour horizon, the situation is also rather negative. In addition, ETH is currently below its monthly opening level, unlike Bitcoin.
What to do about it?
Wait for a return to the support or a resistance break before positioning yourself.
- The supports of the day are at 205$ – 190$
- The resistances of the day are at 235$ – 240$
BTC and ETH are between support and resistance. We advise you to wait for the return on support or a resistance break for BTC and ETH before positioning yourself.
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