The marketcap has been moving down (-0.84%) since yesterday. The total capitalization is 195 450 719 252 USD.
Bitcoin totals 130 425 479 854 USD of capitalization for a dominance of 66.6%. Ethereum’s marketcap is 15 908 098 023 USD, followed by Ripple with 9 245 389 418 USD.
The price dropped to the bottom of the liquidity range, reaching a low of $7085.
Currently the price is bouncing back and trying to break the $7200. However, there is still some liquidity around $7,000 that could allow a better rebound if the $7,200 is not broken.
From a technical point of view, the indicators are starting to show signs of a bullish turnaround in the medium term, so it is possible to expect a positive reaction in the coming hours/days.
What to do about it?
Wait and see!
The old resistance of the inverse head and shoulders reacts well as a support for the moment and it seems that a new test has been carried out on this new support.
From a technical point of view, the situation is the same as for the BTC, the indicators are beginning to show signs of reversal in the medium term.
Wait and see if BTC and ETH are bullish, then place your stop loss
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