Market Analysis of April 08, 2020

The marketcap has been moving down (-0.38%) since yesterday. The total capitalization is 208 092 363 114 USD.

Bitcoin totals 133 478 299 302 USD of capitalization for a dominance of 64.10%. Ethereum’s marketcap is 18 693 287 987 USD, followed by Ripple with 8 740 307 605 US

Bitcoin Analysis

Bitcoin closed lower, trading around $7300.

The daily technical situation is positive but rather negative in 4 hours.

What to do about it?

There’s no big change with yesterday’s situation, you have to be patient and attentive. The BTC is consolidating.

Ethereum Analysis

ETH closed lower and is currently trading around $169.55.

The daily technical situation is still positive as well but with signs of a bearish curve in 4 hours.

What can be done?

ETH is consolidating as well. The prudent trader will wait for a support or resistance test.

Conclusion

The daily technical situation is positive for ETH and BTC but with sign of bearish curve.

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