The marketcap has been moving down (-0.50%) since yesterday. The total capitalization is 237 634 188 712 USD.
Bitcoin totals 156 581 168 728 USD of capitalization for a dominance of 65.90%. Ethereum’s marketcap is 19 966 186 383 USD, followed by Ripple with 11 583 521 860 USD.
The Bitcoin, after bouncing back to around $8,750 today, is trading back to its opening level of $8630.
BTC is still evolving below its monthly and weekly opening levels and the daily technical situation remains negative for the moment. Over a shorter time horizon, we see that technical indicators are starting to turn up.
A test of the weekly open after a break in the downward shrinkage bevel is therefore not to be ruled out.
How to benefit from it?
We advise you to wait for the breakage of the latter AND the retracement before positioning yourself! If no pullback, we move on to the next opportunity!
The situation is a little different for ETH, which is currently evolving between its weekly open and monthly open. The latter acts as a support while the daily technical situation remains negative.
As for the BTC, the 4h situation shows signs of potential increase.
We recommend waiting for a break in the weekly open before positioning yourself.
The daily technical situation is negative for ETH and BTC, so we recommend to wait for a breakage and retracement of the resistance zones before proceeding to purchase
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