The marketcap has been moving up (+1.7%) since yesterday. The total capitalization is 251 938 986 483 USD.
Bitcoin totals 160 617 925 120 USD of capitalization for a dominance of 63.70%. Ethereum’s marketcap is 25 042 305 622 USD, followed by Ripple with 10 314 609 896 USD.
Bitcoin closed higher (+4.52%) at around $8768. Its Monthly Open is at $8778 and we’ll see if it will take a resistance or support role.
The daily technical situation is uncertain, rather negative but with signs of recovery, such as the WaveTrends which just crossed higher. The technical situation is positive over a 4-hour time horizon.
What to do about it?
It would be interesting to see what role the Monthly Open will take. The BTC did not manage to go above $8969, which also makes it an area to watch. For the cautious trader, today is a day to wait and watch to place its important levels.
ETH closed higher and is currently trading around $228.5. ETH fell after testing the $235 level, confirming its role as a resistance.
The daily technical situation is negative but is positive in 4 hours before returning to negative in 1 hour. The situation is therefore quite uncertain.
What to do?
ETH evolves in range and we have to wait for a support or resistance test before positioning ourselves. If it retests the $235 without breaking it, a short may be considered.
The daily technical situation is negative for ETH and BTC but unclear
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