Market Analysis of July 13, 2020

The marketcap has been moving up (+0.31%) since yesterday. The total capitalization is 274 211 692 540 USD.

Bitcoin totals 170 522 705 346 USD of capitalization for a dominance of 62.2%. Ethereum’s marketcap is 27 078 324 825 USD, followed by Tether with 9 164 274 921 USD.

Bitcoin Analysis

The BTC closed higher at around $9278, still in range after a fairly quiet weekend as well. Its dominance continues to fall and the volume is still very low.

The daily technical situation is positive and remains positive in 4 hours.

What to do about it?

Well still not much, we still have to be patient and wait for a support or resistance test and observe the reaction.

  • The supports of the day are at 9250$ — 9000$
  • The resistances of the day are at 9450$ — 9800$

Ethereum Analysis

ETH closed higher and is trading around $243 at the upper end of the range.

The daily technical situation is positive and remains positive in 4 hours.

What to do?

ETH is still in a range and the w-e has been quiet. We have to be patient and wait for a better entry point, a $253 test for example.

  • The supports of the day are at 228$ — 217$
  • The resistances of the day are at 253$ — 270$

Conclusion

The daily technical situation is positive for ETH and BTC but they are still trading in a range. 

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