The marketcap has been moving down (-1.08%) since yesterday. The total capitalization is 360 190 112 682 USD.
Bitcoin totals 217 337 377 060 USD of capitalization for a dominance of 60.4%. Ethereum’s marketcap is 43 828 259 457 USD, followed by XRP with 13 375 724 799 USD.
The BTC closed higher and is currently trading around $11737. It fell after testing the $12,100 level.
The daily technical situation is still neutral with a bullish MACD but showing signs of bearish curves and an already bearish WaveTrends. In 4 hours, the situation is negative.
What to do about it?
The BTC has been pushed out of the $12,000 zone, so what we need to do for now is to be patient and wait for the $10,300 to go long.
ETH closed higher in a doji shape showing some market uncertainty and is now trading lower around $389.
The daily technical situation is the same for ETH as for BTC, neutral but with the MACD showing signs of downward curves and the situation is bearish in 4 hours.
What to do?
Well ETH has been rejected by testing the resistance of $410 so we must be patient and wait for a better entry point.
The daily technical situation is neutral for ETH and BTC but bearish on the short term
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